Nordstrom shares dropped after the retailer reported a drop in sales amid a slowdown in discretionary spending, and said losses from theft reached a record high.
( 17
min )
Collateralization is the use of a valuable asset to secure a loan against default. The collateral can be seized by the lender to offset any loss.
( 21
min )
If you are seeking a personal loan, be aware of these eight potential pitfalls before you proceed.
( 21
min )
Generally, personal loans cannot be transferred to another person, but mortgages and car loans can be exceptions to the rule.
( 22
min )
Both title loans and payday loans carry risks that outweigh the benefits, but a title loan uses your car as collateral, while a payday loan does not.
( 24
min )
Alibaba ADRs ticked higher after the Chinese tech giant launched open-source AI models with visual localization capabilities that it says can answer more complex queries.
( 17
min )
A look at some of Apple's top suppliers gives an understanding of how this growing company functions. By looking at the Apple supply-chain model, along with the benefits and challenges for each component, you can gain an understanding of large-scale, multinational production streams.
( 24
min )
Meta Platforms is taking another step forward in its development of artificial information tools with its release of a free chatbot designed to assist with writing computer code.
( 17
min )
Investors will be watching for signals of more interest rate hikes in comments from Federal Reserve Chair Jerome Powell and shares of chipmaker Marvell Technology fell amid concerns about its data center storage business. Here’s what investors need to know today.
( 18
min )
An emerging market fund invests the majority of its assets in securities from countries with economies that are considered to be emerging.
( 22
min )
Middle-income countries (MICs) is a part of the income categories that the World Bank uses to classify countries' economies for operational and analytical purposes.
( 20
min )
The Thrift Institutions Advisory Council advised the Federal Reserve Board of Governors on the various needs and conditions of nonbank savings institutions.
( 20
min )
Three credit rating agencies have a long history in the U.S. Learn about what they do and how they developed.
( 24
min )
Ken Parks becomes CFO at GE Vernova, the company's power-generation business. Vic Abate will lead its wind arm.
( 27
min )
Affirm stock was rising on Friday as shareholders welcomed its revenue growth. Analysts are split on how it can deal with economic headwinds.
( 27
min )
(Bloomberg) -- Here are key takeaways from Federal Reserve Chair Jerome Powell’s remarks prepared for the Kansas City Fed’s economic symposium on Friday:Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationTrump Returns to Musk’s X With Post of Georgia Mug ShotTesla Investors to Get $12,000 Each From Musk’s SEC DealMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe ChargesPowell acknowledged the econo
( 31
min )
While the summer months are proving to be less lucrative for stock market participants, the overall trend this year has been upward. However, JPMorgan’s global strategist, Dubravko Lakos, has recently sounded the alarm, pointing out several headwinds that are piling up, which he sees as placing a solid cap on market gains. First, Lakos points out that stock prices are high relative to earnings. Second, he adds that sentiment is too bullish, having reversed too sharply from last year’s bearish mo
( 35
min )
The pressure keeps building on Hawaiian Electric Industries (HE).
The utility’s stock tumbled nearly 18% in early trading Friday, as investors contended with a barrage of new developments late Thursday:
Maui County [sued the firm](https://www.wsj.com/
( 23
min )
Analysts at TD Cowen cut their recommendation on the stock to Market Perform from Outperform.
( 26
min )
(Bloomberg) -- The drop in US stocks on Thursday despite a bumper report from Nvidia Corp. shows the rally this year is “exhausted” and portends more declines to come, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayTrump Returns to Musk’s X With Post of Georgia Mug ShotTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 Drops 2% as Yi
( 31
min )
States vary widely in the way they tax retirement income so location is an important consideration in financially planning for retirement. Some states don't levy income states on any sort of retirement income, while others tax IRA and 401(k) distributions, … Continue reading → The post 11 States That Do Not Tax Retirement Income appeared first on SmartAsset Blog.
( 32
min )
Realty Income, which owns more than 13,000 properties in the U.S. and Europe, is paying $300 million for the 22% stake in the casino and resort, the report said. Realty Income is also investing in a $650 million preferred equity stake in the property, according to the WSJ report. A spokesperson for BREIT, Blackstone's real estate investing arm, and MGM did not immediately respond to a Reuters request for comment.
( 31
min )
The merger between the airlines is being contested by the Justice Department, which is suing to block the $3.8 billion deal.
( 27
min )
Everyone loves seeing growth in their portfolio. However, a good year of investing doesn't necessarily indicate a sound long-term investment strategy. Generating sufficient retirement income means planning ahead of time but being able to adapt to evolving circumstances. As a … Continue reading → The post What Is a Realistic Rate of Return for Retirement? appeared first on SmartAsset Blog.
( 36
min )
The embattled utility provider ensnared in the fallout of the Maui wildfire tragedy has cut its dividend as it faces a major new lawsuit.
( 27
min )
(Bloomberg) -- As brutal as it’s been for US bond investors, the math is finally turning in their favor. Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationTrump Returns to Musk’s X With Post of Georgia Mug ShotMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapThe recent round of selling has left the Bloomberg USAgg Index’s yield-
( 31
min )
(Bloomberg) -- The UK’s biggest seller of Rolex watches lost nearly a third of its value on Friday after the Swiss brand bought Bucherer AG, taking its first major step into retailing.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapModi and Xi Speak at BRICS Summit, Ask Official
( 32
min )
The Medicare surcharge known as Irmaa can be a tough pill to swallow. But here’s a little-known workaround: Older Americans who have been hit by the added cost have a chance to appeal.
( 25
min )
Affirm's fiscal fourth-quarter revenue of $446 million beats analysts' estimates, Marvell Technology falls after the chip maker issues an in-line outlook for the third quarter, and Hawaiian Electric tumbles after suspending its dividend.
( 27
min )
There is little precedent for a chip maker as large as Nvidia to double its revenue—to $13.5 billion—in one year.
( 27
min )
(Bloomberg) -- China unveiled further mortgage easing policies to bolster its residential property market in an attempt to support economic growth.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapTrump Surrenders in Georgia on 2020 Election Probe ChargesModi and Xi Speak at BRICS Summit, Ask Officials to Resolve Border Dispute QuicklyTh
( 30
min )
(Bloomberg) -- China’s securities regulator plans to convene a meeting with some of the world’s biggest asset managers, its latest attempt to shore up confidence after a record stretch of outflows by foreign funds.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapTrump Surrenders in Georgia on 2020 Election Probe ChargesModi and Xi Speak
( 31
min )
(Bloomberg) -- European stocks and US futures struggled for direction as a cautious tone dominated markets before a speech from Federal Reserve Chairman Jerome Powell that will be studied for clues on the interest-rate outlook.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapTrump Surrenders in Georgia on 2020 Election Probe ChargesModi
( 34
min )
Calstrs, the second-largest U.S. pension, bought Rivian, Nikola, and Lucid Group shares, and sold Workhorse stock in the second quarter.
( 26
min )
Asian stocks sold off and the dollar scaled an 11-week peak against major peers on Friday as investors braced for the risk of a hawkish tilt from Federal Reserve Chair Jerome Powell at Jackson Hole. The tech-centric Nasdaq slumped 1.87% on Thursday to lead losses of more than 1% across Wall Street's three major indexes, and futures indicated some further weakness at the reopen.
( 33
min )
The unemployment rate is a low 3.5%. The U.S. economy has avoided a threatened banking crisis and financial markets have not only aligned with the Federal Reserve's tight-credit policies but of late even helped the process by bidding up market interest rates. When Federal Reserve Chair Jerome Powell delivers a keynote speech at a central bank research symposium hosted by the Kansas City Fed here on Friday, that copacetic backdrop may inspire a message shaped mostly to avoid trouble.
( 32
min )
Nvidia's move to buy back $25 billion of its shares after its stock has more than tripled this year caught some investors off-guard, even as they cheered a stellar second-quarter report. Shares of Nvidia touched a record high on Thursday, a day after the company blew past expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed.
( 33
min )
Every one APE unit a trader has will convert to 1/10 of one share of AMC on Friday.
( 26
min )
VinFast, the Vietnamese electric-vehicle maker, and Arm, a British chip designer, are caught in a weird limbo thanks to their decisions on where to list their shares.
( 26
min )
Bitcoin dropped to around the US$26,000 level Friday morning in Asia, giving up much of the previous day’s gains. Ether also moved lower.
( 32
min )
(Bloomberg) -- The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming gets underway with a dinner on Thursday evening. Here’s what to expect from the two-day conference featuring central bankers from around the world:Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapMore People Call in Sick on August 24 Than Any Other DayWagner Chief Prigozhin Listed Aboard Crashe
( 31
min )
Schiphol wil structureel meer geld uitgeven aan de kwaliteit van dienstverlening op de luchthaven. Dat geld gaat onder meer naar personeel, maar ook naar onderhoud en vernieuwing. Al deze kosten kunnen gevolgen hebben voor de prijzen van vliegtickets.
( 4
min )
Big Bazar krijgt van de rechter in Leeuwarden tijd om afspraken te maken met schuldeisers en om te reorganiseren. Daarvoor is een afkoelingsperiode afgekondigd. Verhuurders en leveranciers die het faillissement van de keten hebben aangevraagd, moeten daardoor geduld hebben.
( 4
min )
Internetplatform OnlyFans telde eind vorig jaar ruim 3,2 miljoen contentmakers. Dat is bijna een verdubbeling ten opzichte van 2021. Ook het aantal zogenoemde fans groeide hard. Bijna een kwart miljard mensen bekijkt de content van bijvoorbeeld sekswerkers, beroemdheden en artiesten.
( 3
min )
Wie een elektrische bakfiets van het merk Urban Arrow wil verzekeren, kan voor een verzekering niet altijd meer bij de ANWB terecht. De fietsen zijn volgens een woordvoerder van de verzekeraar "erg gewild" bij dieven, vooral in de Randstad. Alleen bakfietsen die te volgen zijn met een tracker worden nog verzekerd.
( 4
min )
Threads heeft vrijdag een webversie uitgebracht. Daarmee kan het nieuwe socialemediaplatform van Facebook-moederbedrijf Meta via een internetbrowser gebruikt worden. De berichtendienst is een nieuwe concurrent voor X (Twitter).
( 3
min )
Bierbrouwer Heineken heeft de verkoop van al zijn activiteiten in Rusland afgerond. Het Russische Arnest Group neemt alle aandelen over voor het bedrag van 1 euro. Onder de deal vallen onder meer zeven brouwerijen en 1800 medewerkers. Heineken verwacht dat het verlies als gevolg van de overname 300 miljoen euro zal bedragen.
( 5
min )
Schiphol heeft in de eerste helft van dit jaar beduidend meer reizigers verwerkt dan in dezelfde periode vorig jaar. Daarbij bleef een chaos, zoals in 2022, achterwege. De luchthavenbeheerder spreekt daarom van een keerpunt.
( 4
min )
De Europese Centrale Bank verhoogt haar rente na de zomer mogelijk nog verder, in de strijd tegen de aanhoudende inflatie in Europa.
( 3
min )
Het raket- en satellietbedrijf SpaceX, dat eigendom is van miljardair Elon Musk, is aangeklaagd door het Amerikaanse ministerie van Justitie. SpaceX wordt verdacht van discriminatie van asielzoekers en vluchtelingen bij sollicitaties. Zo zouden zij onder meer stelselmatig zijn ontmoedigd om te solliciteren.
( 3
min )
American Savings Bank, which Hawaiian Electric Industries bought in 1988, might be the holding company’s most valuable asset.
( 27
min )
He bills himself as an iconoclast ready to shake up the Republican Party after making millions trying to do the same in the biotech industry.
( 33
min )
(Bloomberg) -- A group of Tesla Inc. investors stands to recover an average of about $12,000 a head for losses they incurred from Elon Musk’s famous 2018 tweet that he had “funding secured” to take the car maker private at $420 a share — and then didn’t.Most Read from BloombergNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on Au
( 32
min )
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The three best jumbo CD rates in the country right now are 5.85% from One American Bank, 5.76% from Connexus Credit Union, and 5.75% from Sun East Federal Credit Union.
( 19
min )
Michery added that he suspects “unlawful trading practices” in the electric vehicle manufacturer’s stock are one reason to blame.
( 14
min )
Investors have been bearish about the buy now,pay later company because its business model hasn't been tested in an environment like the current one.
( 26
min )
The idea of creating a BRICS common currency to rival the dollar has long been on the agenda of the emerging-market nations in the bloc.
( 33
min )
Management said it expects sequential growth in revenue to speed up in the third quarter, but the stock fell in after-hours trading.
( 26
min )
(Bloomberg) -- As the US Treasury borrows heavily in the bills market, the Federal Reserve may find it has to pause its efforts to shrink its balance sheet to ensure the banking system remains stable, according to the St. Louis Fed. Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapMore People Call in Sick on August 24 Than Any Other DayHuawei Building Secret Network for Chips, Trade Group WarnsBRICS
( 31
min )
ETH fell to as low as $1,547 last Thursday, its lowest price since June.
( 31
min )
"Nvidia's valuation is ridiculous," says analyst David Trainer. "People should not be chasing this stock before it drops by around 80% to below $100."
( 33
min )
A mortgage company started trading publicly today. Investors weren't enthused.
Shares of Better Home & Finance fell more than 90% in Thursday trading. The company had agreed to go public in 2021 via a merger with a special-purpose acquisition company, but the closing date of the transaction hit a l
( 23
min )
The glory days of real estate investors buying and flipping homes for quick profits seem to have hit a roadblock. It appears that investors are now losing on approximately one out of every seven homes they sell. In certain U.S. cities, sky-high house prices and elevated mortgage rates have diminished homebuyer demand, forcing investors to sell homes at a loss. A recent report by Redfin reveals that in March, investors lost money on roughly 13.5% of the homes they sold, while only 4.8% of overall
( 33
min )
With a net worth of $153 billion, Amazon.com Inc. Founder Jeff Bezos can probably afford to buy any house he wants. But right now, he's renting. Bezos and his fiancée Lauren Sanchez are reportedly renting a home in Malibu, California, from legendary jazz saxophonist Kenny G for $600,000 per month. The 5,500-square-foot house comes with a huge backyard, pool, screening room and recording studio. It also has a 3,500-square-foot guesthouse. The estate gives the couple access to Little Dume Beach, o
( 33
min )
Retail sales suffered the fastest plunge this month since March 2021, when the nation was still in lockdown, according to the Confederation of British Industry.
( 47
min )
Generation Z has taken over the retirement savings game, leaving their predecessors in the dust. They have come to dominate the arena of financial planning and investing for the future. According to a report by Vanguard, workers ages 18 to 24 were 32% more likely to invest in their workplace retirement plan than their older colleagues were at the same age. This is impressive considering younger generations typically have lower participation rates because of a lack of knowledge and lower income.
( 31
min )
The three mid-ranking Silicon Valley engineers behind Nvidia had just $40,000 (£31,500) between them when they started the company three decades ago, fuelled by a belief that 3D graphics would change the rapidly growing video game industry.
( 33
min )
Spirit AeroSystems discovers issues with fuselage supplied to Boeing
( 9
min )
Nvidia produced incredible quarterly numbers. Ironically, that is probably responsible for the drop in the Nasdaq Composite on Thursday.
( 26
min )
More than four months after Bud Light's marketing blunder, the beer brand remains in the spotlight. Now Billy Busch, heir to the Anheuser-Busch dynasty, presents an intriguing proposition to Bud Light's parent company, Anheuser-Busch InBev SA (NYSE:BUD). "I urge that company, InBev, if they don't want that brand any longer, sell it back to the Busch family. Sell it to me. I'll be the first in line to buy that brand back from you. And we'll make that brand great again," he said during Tomi Lahren
( 33
min )
When love is in the air, the conversation about finances might not be a romantic one, but recent surveys suggest that it is a necessary and crucial dialogue for couples. A surprising 64% of people in relationships face money differences, underlining the need to address financial topics early on before they become major problems. This becomes even more important as relationships get more serious, like moving in together or getting married. Financial Deal-Breakers: Personal Loans And More Personal
( 32
min )
(Bloomberg) -- Nasdaq 100 futures bounced, setting up the technology-heavy index to trim monthly declines, after a blowout forecast from Nvidia Corp. revived the buzz around artificial intelligence.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysWagner Chief Yevgeny Prigozhin, Mercenary Who Defied Putin, Is Presumed DeadNvidia Nears Record Hig
( 32
min )
There’s been a lot of doomsaying about the economy in recent months, with predictions of a coming recession. The markets have also been a bit shaky in August, with the S&P 500 falling about 3%. But in a note from JPMorgan, global investment strategist Madison Faller keeps a generally favorable outlook and assuages investors that market swings are par for the course. “In any given year, there are good things and bad things that impact the economy and markets,” Faller said. “And while we tend to s
( 35
min )
Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday he doubts the U.S. central bank will need to raise interest rates again, in an interview with CNBC. "Right now I think that we've probably done enough" and with monetary policy in a restrictive stance, it's probably a good idea to hold steady for the rest of this year and see how that affects the economy, Harker said. Harker spoke to the television channel on the sidelines of the Kansas City Fed’s annual research conference in Jackson Hole, Wyoming.
( 30
min )
Wireless services company plans to cut about 7% of its workforce as it fends off competition from cable companies.
( 25
min )
(Bloomberg) -- VinFast Auto Ltd.’s head-scratching surge has given the money-losing electric car startup a bigger market capitalization than Citigroup Inc., with famed short seller Jim Chanos calling the stock’s valuation “insane.”Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsNvidia Nears Record High as AI Demand Fuels Blowout ForecastWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysBRICS
( 33
min )
Mortgage demand isn’t what it used to be: Both home purchase and refinance application volume have dropped below their booming levels in 2020 and 2021.
( 27
min )
The discount retailer reported a decline in its gross margin year over year, partly due to inventory loss.
( 27
min )
The euro has been relatively quiet during early trading on Thursday, as we wait for speeches coming out of Jackson Hole on Friday.
( 32
min )
AMC completed a reverse stock split Thursday, ahead of a planned conversion of preferred equity units into common shares.
The reverse split gave shareholders in the movie-theater chain one share for every 10 they previously held, and has the effect of increasing AMC's share price.
The conversion o
( 22
min )
The looming APE equity unit conversion causes major volatility in AMC stock. The good news is the shares were upgraded by Wedbush.
( 26
min )
When you retire or reach a certain age, there might be certain things you no longer have to do. You might get to skip the commute or qualify for some great discounts. But no matter your age, you don't get … Continue reading → The post Do Seniors Ever Stop Filing Taxes? appeared first on SmartAsset Blog.
( 33
min )
Splunk stock’s performance this year has been only a fraction of the surge in Nvidia's shares, but impressive second-quarter earnings and guidance look set kick off a surge.
( 26
min )
Shares in Spirit AeroSystems take a bigger hit despite the Boeing supplier saying the 737 issue will not make a material impact to its delivery range.
( 26
min )
Sandwich chain Subway has agreed to sell itself to private equity firm Roark Capital, the company said on Thursday, amid its struggles with intensifying competition and rising costs.
( 29
min )
AI chipmaker Nvidia posted revenues of $13.51 billion in the second quarter. That's 88% higher than the previous quarter and up 101% from a year ago.
( 32
min )
The blowout results and forecast indicate that demand for the company under CEO Jensen Huang isn’t short-lived, but high prices will spur competition.
( 27
min )
In 2017, the Trump administration spearheaded a comprehensive series of tax cuts. Called the Tax Cuts and Jobs Act (TCJA), the law reduced corporate taxes by about 40% and household taxes by varying degrees for most individuals. While the corporate tax cut is permanent, most of the individual tax reductions will end in 2025 or […] The post What High Earners Need to Know for Trump-Era Tax Expirations appeared first on SmartReads by SmartAsset.
( 34
min )
This could put pressure on the top end of Boeing's annual 737 delivery target of 450 planes, some Wall Street analysts warned even as the planemaker said it was evaluating that goal. It is for the second year that Boeing's delivery targets are under review, after supply-chain issues forced it to temper its goal last year. The latest quality issue is due to improperly shaped holes in the aft pressure bulkhead of some planes.
( 31
min )
Nvidia stock surges after the chip maker forecasts third-quarter revenue of $16 billion at the midpoint of its range, well above analysts' forecasts. Snowflake, meanwhile, reports better-than-expected second-quarter earnings and revenue, and Splunk's quarterly revenue jumps 14% and tops estimates.
( 27
min )
The UK’s largest oil producer has blamed the Government’s windfall tax after it swung from a near $1bn profit to an $8m (£6.3m) loss during the first half of the year.
( 32
min )
(Bloomberg) -- The last research firm with the equivalent of a “sell” rating on Nvidia Corp. is throwing in the towel.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Markets WrapGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMorningstar Inc. upgraded the chipmaker
( 31
min )
(Bloomberg) -- ConocoPhillips has been put on divestment watch by some of Europe’s biggest pension funds, after using proceeds from a recent debt financing to expand its business in oil sands.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysWagner Chief Yevgeny Prigozhin, Mercenary Who Defied Putin, Is Presumed DeadQQQ Up in Late Hours on Nvidi
( 33
min )
More than 20 brokerages raised their target price for Nvidia post the earnings update, according to Refinitiv data, with Elazar Advisors being the most bullish at $1,600. Along with Rosenblatt Securities at $1,100 - they are the only ones to have targets above $1,000 for Nvidia. Nvidia has been the biggest beneficiary of the rise of ChatGPT and other generative AI apps, virtually all of which are powered by its graphics processors.
( 32
min )
Norwegian Air Shuttle reported a drop in second-quarter net profit to NOK538 million, but said demand was strong and that it has begun examining the potential for a dividend.
( 25
min )
The stock market is pricing in an unrealistic "no landing" scenario where the Fed crushes inflation without triggering a recession, Amanda Agati says.
( 31
min )
(Bloomberg) -- The prospect of global interest rates remaining higher for longer is tipping the case for many investors to switch into bonds from stocks.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Markets WrapGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekFixed
( 33
min )
(Bloomberg) -- Nvidia Corp. acknowledged that the US may impose stronger restrictions on the sale of chips to China and warned that such a move will hurt American companies in the long term, reiterating a broadly held view among top chipmakers.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Ma
( 32
min )
Old school investors will tell you that ‘buying low and selling high’ is the key to market success. The advice may be cliché, but it’s based on mathematical truth. The hard part, however, is understanding when prices are low, because that’s not always an absolute number. In recognizing that lower price range, investors can turn to Wall Street’s analysts for help. These professional stock watchers build their reputations on the quality of their calls, sorting through reams of data to find and rec
( 34
min )
Occupancy fraud is a type of mortgage fraud, whereby the borrower lies about whether or not the home will be owner occupied.
( 22
min )
Indexed universal life insurance offers tax benefits and potentially higher returns, but it has a number of risks that need to be considered.
( 28
min )
The three best jumbo CD rates in the country right now are 5.85% from One American Bank, 5.76% from Connexus Credit Union, and 5.75% from Sun East Federal Credit Union.
( 19
min )
Life insurance can increase your coverage over time. Here's how this works with different types of policies.
( 21
min )
A zero-coupon inflation swap is a derivative where a fixed-rate payment on a notional amount is exchanged for a payment at the rate of inflation.
( 21
min )
Reverse mortgage counseling is required for home equity conversion mortgages. Learn how to find a trustworthy reverse mortgage counselor to work with.
( 24
min )
The S&P 500 dropped 1.4% on Thursday, Aug. 24, 2023 as the recent rally in tech stocks came to a halt ahead of Friday's speech by Fed Chair Jerome Powell.
( 17
min )
Today's best CD rates are 5.85% on a jumbo option from One America Bank, and 5.75% for smaller deposits, offered by both Abound Credit Union and MapleMark Bank.
( 19
min )
Twenty-five years of expansionary policy, both fiscal and monetary, has not yielded the desired results for the Japanese economy.
( 21
min )
Home equity loans generally have higher interest rates but lower closing costs and fees than mortgages, so it pays to shop around.
( 22
min )
The employer payroll tax deferral lets you defer the employer portion of 2020 and 2021 Social Security taxes and split payment between 2021 and 2022.
( 21
min )
Lower interest rates increase business investment by making it cheaper to borrow money for new projects.
( 20
min )
Demand-side economics emphasizes the importance of aggregate demand and supports government intervention.
( 22
min )
Federal Reserve officials gave differing assessments Thursday at the Jackson Hole Economic Symposium about whether the central bank should raise its benchmark interest rate.
( 17
min )
Learn about the performance of the mutual funds offered by Capital Group's American Funds that have the longest established track records.
( 19
min )
An internal growth rate (IGR) is the highest level of growth achievable for a business without obtaining outside financing.
( 20
min )
There are three general types of blockchains—public, private, and permissioned. Learn the key differences and how they are typically used.
( 22
min )
The proof of burn (POB) consensus algorithm combines the proof of work (POW) and proof of stake (POS) and partially overcomes their shortcomings.
( 20
min )
Created by Congress, the Investment Company Act of 1940 regulates the organization of investment companies and the product offerings they issue.
( 24
min )
Hyperledger Fabric is a platform for building various blockchain-based products, solutions, and applications for business use.
( 21
min )
Cryptocurrency spoofing is the process by which criminals attempt to artificially influence the price of a digital currency by creating fake orders.
( 20
min )
U.S. equity markets fell in midday trading on Thursday, Aug. 24, 2023, as tech gains following Nvidia's earnings beat faded ahead of Fed Chair Jerome Powell's coming speech at the Jackson Hole Economic Symposium.
( 16
min )
Basketball legend Michael Jordan is the richest NBA player of all time after selling his stake in the Charlotte Hornets. One of the best basketball players in NBA history, Jordan has a net worth of $3.5 billion as of 2023, thanks to lucrative endorsements such as Nike and the Jordan Brand, and other business ventures.
( 21
min )
Sovereign debt is issued by a country's government in order to borrow money.
( 22
min )
The average rate offered for a 30-year fixed mortgage surged this week to 7.23% from 7.09% the week before, reaching the highest point since 2001, Freddie Mac said Thursday.
( 17
min )
BRICS is an acronym for the combined economies of Brazil, Russia, India, China, and South Africa, which some claimed early in this century were poised to dominate the world economy by 2050.
( 23
min )
Dollar Tree posted stronger-than-expected earnings for the quarter ended July 29, as the discount retailer benefited from higher sales at its flagship stores but was pressured by weaker margins.
( 19
min )
A purchase money security interest (PMSI) is a legal first claim to repossess property financed with its loan when a borrower defaults.
( 23
min )
A low federal funds rate implies expansionary monetary policy by a government, stimulating demand and employment.
( 23
min )
Home equity conversion mortgages are the most common reverse mortgages, but proprietary and single-purpose reverse mortgages offer other benefits.
( 21
min )
Boeing and Spirit AeroSystems shares dropped as a 737 MAX quality problem delays deliveries and Boeing warned it could miss this year's delivery target.
( 17
min )
Learn about the dynamics of the federal budget including how it is passed and the major categories representing revenue and expenditures.
( 19
min )
The acquisition is just the latest move in AMD's ongoing artificial intelligence push that includes the unveiling of a new GPU earlier this summer.
( 17
min )
The enlarged BRICS coalition will control almost half the global crude oil market and will have the strength to trade within the bloc in non-dollar currencies.
( 17
min )
A company's book value is its total assets minus its total liabilities. It can be determined by looking at the Shareholders's Equity section of the Balance Sheet.
( 22
min )
An Associate in Loss Control Management (ALCM) was a professional designation offered by the Insurance Institute of America (IIA).
( 19
min )
While 1.3 million residential properties in the US are vacant, zombie foreclosures still accounted for just a fraction of the nation's 101.6 million residential property stock.
( 17
min )
Dig deeper into the three components of stagflation: inflation, unemployment, and declining output, as understood by economic theory.
( 19
min )
CEO Huang cited "a new computing era" and increased corporate interest in generative A.I. to explain the surge in demand for GPU chips and data center resources.
( 17
min )
Achieving equilibrium of prices in a single or multi-market setting involves a bidding process that is informed precisely by demand.
( 20
min )
Learn about the macroeconomic factors policymakers have to be concerned with when deciding on economic policies, such as taxation and interest rates.
( 21
min )
Take a deeper look at the nature of supply shocks, an economic phenomenon that dramatically changes the equilibrium level of production.
( 23
min )
Het raket- en satellietbedrijf SpaceX, dat eigendom is van miljardair Elon Musk, is aangeklaagd door het Amerikaanse ministerie van Justitie. SpaceX wordt verdacht van discriminatie van asielzoekers en vluchtelingen bij sollicitaties. Zo zouden zij onder meer stelselmatig zijn ontmoedigd om te solliciteren.
( 3
min )
Veel werklozen zitten nu maar kort zonder werk. Tien jaar geleden zaten meer mensen langdurig thuis. In april, mei en juni zat een op de zeven werklozen twaalf maanden of langer zonder werk, blijkt uit cijfers van statistiekbureau CBS.
( 3
min )
Subway, de broodjesketen met wereldwijd ruim 37.000 vestigingen, wordt door de families van de oprichters verkocht. De koper is investeringsmaatschappij Roark Capital, de eigenaar van onder meer Dunkin' Donuts.
( 3
min )
Subway, de broodjesketen met wereldwijd ruim 37.000 vestigingen, wordt door de families van de oprichters verkocht. De koper is investeringsmaatschappij Roark Capital, de eigenaar van onder meer Dunkin' Donuts.
( 3
min )
Wie een elektrische bakfiets van het merk Urban Arrow wil verzekeren, kan niet meer bij de ANWB terecht. De fietsen zijn volgens een woordvoerder van de verzekeraar "erg gewild" bij dieven, vooral in de Randstad.
( 4
min )
Wie een elektrische bakfiets van het merk Urban Arrow wil verzekeren, kan niet meer bij de ANWB terecht. De fietsen zijn volgens een woordvoerder van de verzekeraar "erg gewild" bij dieven, vooral in de Randstad.
( 4
min )
De Turkse centrale bank heeft het rentetarief in het land flink opgeschroefd, tot 25 procent. De enorme rentestap kwam als een verrassing. Economen hadden gerekend op een veel kleinere verhoging.
( 3
min )
Wie een elektrische bakfiets van het merk Urban Arrow wil verzekeren, kan binnenkort niet meer bij de ANWB terecht. De fietsen zijn volgens een woordvoerder van de verzekeraar "erg gewild" bij dieven, vooral in de Randstad.
( 3
min )
Royal Delft Group heeft zijn inkomsten in de eerste helft van dit jaar flink zien stijgen. Dat kwam vooral doordat toeristen weer naar ons land kwamen en veel Delfts blauw en andere producten van het bedrijf kochten.
( 3
min )
Boeing heeft last van verkeerd geboorde gaten in nog te leveren 737 MAX-toestellen. Volgens de Amerikaanse vliegtuigbouwer heeft leverancier Spirit AeroSystems onjuist gaten geboord in een onderdeel dat de luchtdruk in de cabine regelt.
( 3
min )
Er duiken steeds meer nieuwssites op die kunstmatige intelligentie (AI) gebruiken om razendsnel artikelen van gerenommeerde media te hergebruiken. De nieuwssites controleren de herschreven teksten nauwelijks. Daarmee ligt de verspreiding van nepnieuws en desinformatie op de loer.
( 4
min )
Het landencollectief BRICS (Brazilië, Rusland, India, China en Zuid-Afrika) wil de samenwerking uitbreiden. Argentinië, Egypte, Ethiopië, Iran, Saoedi-Arabië en de Verenigde Arabische Emiraten mogen in 2024 ook lid worden.
( 4
min )
De handelsprijs voor gas is de laatste dagen met bijna 30 procent gezakt. Dit komt doordat stakingen bij belangrijke productielocaties voor vloeibaar aardgas in Australië waarschijnlijk zijn afgewend.
( 3
min )
Door extreem weer kunnen de premies van verzekeringen bij Achmea de komende tijd oplopen. Onder meer Centraal Beheer, FBTO, Interpolis en Zilveren Kruis vallen onder het bedrijf.
( 3
min )
Drie kwart van de bedrijven heeft momenteel last van een tekort aan personeel. Dat is iets minder dan de 84 procent van een jaar geleden. De krappe arbeidsmarkt leidt er bij veel bedrijven toe dat de werkdruk toeneemt.
( 3
min )
Nederlandse huishoudens en bedrijven verbruikten in de eerste helft van dit jaar 15,7 miljard kuub gas. Dat is een derde minder dan in dezelfde periode twee jaar eerder. Ook in vergelijking met vorig jaar is sprake van een flinke daling: een min van 10 procent.
( 3
min )
The Commercial Paper Funding Program (CPFF) was designed to increase the liquidity of the commercial paper market by providing funding to issuers.
( 20
min )
The Macroeconomic Stabilization Fund (FEM) was established by Venezuela to stabilize cash flow from oil production.
( 20
min )
You now have a whopping 30 choices to lock in a CD rate of at least 5.50%, including a top nationwide rate of 5.75%. That's double the number available at the start of August.
( 18
min )
Find out why marginalism is such an important concept in microeconomic theory, and what economists mean by marginal utility or cost.
( 21
min )
Today's best CD rates are 5.85% on a jumbo option from One America Bank, and 5.75% for smaller deposits, offered by both Abound Credit Union and MapleMark Bank.
( 19
min )
The S&P 500 gained 1.1% on Wednesday, Aug. 23, 2023, as tech stocks surged and Treasury yields dipped.
( 16
min )
A block header is the unique identity of a particular block on a blockchain and is hashed by miners for rewards.
( 18
min )
The Maldivian rufiyaa (MVR) is the national currency of the Republic of the Maldives.
( 19
min )
Remote work is here to stay, whether employers like it or not—and, for the most part, they don’t.
( 18
min )
r/CryptoCurrency Moons (MOON) is a digital currency that the r/Cryptocurrency Reddit forums use to reward users.
( 21
min )
Only 11% of respondents said they are living their definition of financial freedom.
( 17
min )
A small corporate offering registration (SCOR) is a simplified means for smaller companies to raise capital by issuing shares.
( 20
min )
Learn how the Consumer Price Index (CPI) and Producer Price Index (PPI) differ in the composition of their target sets of goods and services.
( 20
min )
Homebuilders are selling more, and cheaper new houses these days, the opposite of the trend in the market for existing homes where sales are slow and prices hitting record highs.
( 18
min )
Bancor blockchain protocol allows users direct zero/low fee conversion between different crypto coins.
( 22
min )
Half of retired and pre-retired Americans are considering going back to work or delaying retirement, according to a recent survey, and the reasons aren't limited to finances.
( 18
min )
If you don’t have the cash, should you use the equity you have in your home to modify it so that you can stay in it longer?
( 22
min )
Agency theory and stakeholder theory are both used to understand and explain various types of relationships and challenges that can occur in business.
( 20
min )
Find out what influences competition in microeconomics and how perfect competition, monopoly, and oligopoly vary in their competitive characteristics.
( 21
min )
Singapore-based e-commerce and ride-hailing company Grab narrowed its losses and forecast a smaller loss for the year, as cost-cutting measures paid off.
( 19
min )
Business crime insurance gives companies protection from damage from corporate crimes like fraud, embezzlement, theft, and others.
( 19
min )
A co-tenancy clause in retail lease contracts allows tenants to reduce their rent if key tenants or a certain number of tenants leave the retail space.
( 21
min )
It's important to understand where that money coming out of your paycheck goes and why. After all, you earned it.
( 24
min )
The most recent rounds of tax reform have expanded the benefits of 529 college savings plans.
( 25
min )
Learn how marginal utility influences consumer choice under the law of diminishing marginal utility and consumer decisions made on margins.
( 22
min )
Peloton shares tumbled after reporting a wider-than-expected loss as falling subscriber numbers and recall costs impacted its results.
( 17
min )
A call option is a contract that gives the option buyer the right to buy an underlying asset at a specified price within a specific time period.
( 30
min )
Mortgage rates rose again, hitting new records not only for 30-year new purchase loans, but also for 15-year loans, 30-year jumbo loans, and 30-year refi mortgages.
( 20
min )
You can't roll a traditional IRA into a 529 plan without paying taxes, but there are better options to help cover higher-education expenses.
( 24
min )
Older investors tend to be more open to AI than younger investors when it comes to financial advice. A much smaller percentage of investors would implement this advice without running it by a human advisor.
( 17
min )
All mortgage applications decreased by 4.2% from a week ago.
( 17
min )
A target hash sets the difficulty for cryptocurrency mining using a proof-of-work (PoW) blockchain system.
( 19
min )
The bond market is the collective name given to all trades and issues of debt securities and include corporate, government, and municipal bonds.
( 30
min )
Foot Locker shares plunged after the retailer reported sales fell as inflation-weary shoppers spent less on the company's apparel and footwear.
( 17
min )
Should you spend your 529 account down quickly in hopes of qualifying for more financial aid? It's possible, but the strategy can also backfire.
( 24
min )
UPS workers ratified a deal worth $30 billion in wage increases and other benefits, ending contentious negotiations and the threat of a strike.
( 17
min )
Here are the three worst episodes of hyperinflation in modern history.
( 26
min )
The Purchasing Managers' Index is a telling sign of the U.S. economy. But what is it?
( 25
min )
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You now have a whopping 30 choices to lock in a CD rate of at least 5.50%, including a top nationwide rate of 5.75%. That's double the number available at the start of August.
( 19
min )
GM said in April about 5,000 salaried workers had taken buyouts to leave the automaker after it announced plans to cut costs by $2 billion this year. GM said around 80 to 90 employees working in software defined vehicle teams will remain in Arizona as it consolidates IT operations at its Michigan, Georgia and Texas facilities.
( 30
min )
Investors know the pain of seeing some of their stocks tumble after an analyst downgrade, but stocks also can slide when analysts maintain previous ratings but slash previous stock price targets by 10% or 20%. As Wall Street grapples with the latest Federal Reserve meeting minutes that suggest more interest rate hikes could be forthcoming, droves of analysts have been slashing price targets on interest-sensitive stocks such as real estate investment trusts (REITs). Over the past week,18 price ta
( 32
min )
Steel service center Esmark ended its $35 all-cash bid for United States Steel.
( 26
min )
The chip maker reported revenue of $13.5 billion for its latest quarter, well above analysts' expectation of $11.2 billion.
( 27
min )
Nvidia's numbers are out, and the chipmaker has once again smashed Wall Street expectations.
Here's what the company reported, versus what analysts expected, according to FactSet:
Revenue: $13.51 billion, versus $11.19 billion expected.
Earnings per share: $2.48 (GAAP) and $2.70 (non-G
( 22
min )
Nvidia's stock is surging after reporting better-than-expected earnings, and the chipmaker had even more goodies for its investors.
Nvidia also announced a new authorization to repurchase up to $25 billion worth of stock. Nvidia said it spent $3.28 billion on buybacks in the second quarter.
The ch
( 22
min )
Shares of the Santa-Clara, California-based company rose 6.3% in trading after the bell. They have tripled this year, making the company the first ever trillion-dollar chip business as investors bet Nvidia will be the key beneficiary of the AI boom. Analysts have estimated that demand for Nvidia's prized AI chips is exceeding supply by at least 50%, adding that the imbalance will stay in place for the next several quarters.
( 30
min )
United Airlines has agreed to a $30 million settlement after a deplaning incident left a quadriplegic man in a vegetative state, court papers show. The settlement with the family of Nathaniel Foster Jr, known as N.J., was disclosed on Tuesday in San Francisco federal court, and reached after one day of trial. It arose from the treatment of Foster, who had been using a wheelchair, ventilator and tracheal tube, as he and his family were disembarking from a Feb. 8, 2019 United Express flight to Monroe, Louisiana, where they had traveled to attend a funeral.
( 30
min )
Stablecoins settled more value than PayPal processed in 2022, with dollar-pegged tokens approaching Visa-level payments volumes.
( 26
min )
Longer-dated Treasury yields have been hitting the highest levels in more than a decade.
( 26
min )
(Bloomberg) -- Federal Reserve Chair Jerome Powell is expected to map out final steps in the US central bank’s campaign to tame inflation, and reinforce its commitment to finishing the job, when he speaks Friday in Jackson Hole, Wyoming.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Markets WrapGoldman Is Cracking Down on Employees That Aren't in Off
( 33
min )
Shares of the graphics-chip maker have been having a boffo year. The second-quarter earnings report will jar the stock price up or down.
( 26
min )
A lot hinges on Nvidia results, including the direction of the Nasdaq. Technical analysis of the chip maker's stock flashes a bearish warning, analyst says.
( 26
min )
The investor's ARK Innovation Fund dumped the stock in January, missing out on most of the chip maker's meteoric 212% rise so far in 2023.
( 27
min )
(Bloomberg) -- About $1.2 trillion of debt on US commercial real estate is “potentially troubled” because it’s highly leveraged and property values are falling, according to Newmark Group Inc.Most Read from BloombergHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysIndia First to Land Near Moon South Pole After Russia FailsBond Yields Sink as Wea
( 31
min )
Anyone active in the stock market is looking for solid returns, but is often faced with a problem: how to cut through all the noise and reams of data in order to generate those gains. Seasoned market participants will say there are all kinds of different strategies to follow, but one of the most straightforward ones is to track the moves made by Wall Street’s investing legends. And hardly any come with a more stellar reputation than hedge fund manager David Tepper. The billionaire investor is th
( 34
min )
"Broadcom will immediately invest an additional $2 billion a year to better unlock customer value,” CEO Hock E. Tan said.
( 10
min )
(Bloomberg) -- From his office just outside Los Angeles, Dominic Ng watched as California banks fell like dominoes — first crypto-friendly Silvergate Capital Corp. down near San Diego in early March, then Silicon Valley Bank up north days later, followed by San Francisco’s First Republic Bank at the beginning of May.Most Read from BloombergHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMusk Told Pentagon
( 33
min )
U.S. business activity approached the stagnation point in August, with growth at its weakest since February as demand for new business in the vast service sector contracted. S&P Global said its flash U.S. Composite PMI index, which tracks manufacturing and service sectors, fell to a reading of 50.4 in August from 52 in July, the biggest drop since November 2022. While August's reading was the seventh straight month of growth, it was only fractionally above the 50 level separating expansion and contraction as demand weakened for both manufactured goods and services.
( 30
min )
If I have a tax-deferred 401(k). Can I convert it to a Roth IRA without paying the deferred taxes when I roll it over? -Tommy Generally, the answer here is no. There's typically no method to totally dodge taxes on … Continue reading → The post Ask an Advisor: I Want to Roll Over My Money to a Roth IRA. How Do I Avoid Paying Taxes? appeared first on SmartAsset Blog.
( 32
min )
Why hire a financial advisor who will take around 1% percent of your assets per year when you can get a certificate of deposit (CD) at over 5% with no fee? That alone amounts to a 6% return on your … Continue reading → The post Ask an Advisor: ‘Prove Me Wrong.' I Think Investing in CDs Is a Better Deal Than Working With an Advisor appeared first on SmartAsset Blog.
( 33
min )
Johnson & Johnson investors were able to exchange less than a quarter of their shares for the consumer split off. The company will update financial guidance next week
( 27
min )
The clothing retailer raises its outlook for full-year sales growth. Higher prices have helped.
( 26
min )
Shares of Peloton are sinking in premarket trading after the fitness-equipment maker reported another decline in paying subscribers and said the costs of an equipment recall was denting its profit.
The stock is down 27% in premarket trading.
More on Peloton's results:
[**Peloton Shares Pl
( 21
min )
Jeff Shepherd has left the company; Tony Iskander named as interim CFO.
( 25
min )
The company says the $40 million cost of a seat recall announced in May exceeded Peloton's initial expectations.
( 26
min )
Earnings from auto parts distributors such as Advance Auto Parts just might be the canary in the coal mine. There is a limit to what people can pay to buy and maintain their vehicles.
( 27
min )
The company swung to a loss of $5 million, from a profit of $94 million in the year-ago quarter.
( 26
min )
Foot Locker slashes its outlook for the second straight quarter and pauses its dividend as the shoe retailer grapples with a tough consumer backdrop.
( 27
min )
Analog Devices shares dropped on Wednesday after its quarterly guidance missed analysts' expectations. Other semiconductor companies with big industrial and automotive exposure were also falling.
( 26
min )
As investors pile into various higher yielding investments, it’s important to know the big taxable differences between each type.
( 25
min )
Investors in the sports retailer, Goldman Sachs, Charles Schwab, and several others will be hoping for some good news soon.
( 26
min )
Foot Locker is cutting its full-year outlook again and pausing its quarterly dividend as sales dropped in its fiscal second quarter with consumers continuing to be more cautious about their purchases. The footwear and clothing retailer said quarterly sales declined to $1.86 billion from $2.07 billion. “We did see a softening in trends in July and are adjusting our 2023 outlook to allow us to best compete for price-sensitive consumers,” President and CEO Mary Dillon said in a statement.
( 32
min )
A lot hinges on Nvidia results, including the direction of the Nasdaq. Technical analysis of the chip maker's stock flashes a bearish warning, analyst says.
( 27
min )
401(k) contribution limits should continue their upward climb in 2024, according to a recent projection by Mercer. However, easing inflation now means lower forecasts for 401(k) and other retirement plan contribution limits for next year. After rising substantially from $20,500 in 2022 to $22,500 for 2023, Mercer projects the annual cap to go up just […] The post 401(k) Contribution Limits Projected to Rise Again in 2024: How to Plan Ahead appeared first on SmartReads by SmartAsset.
( 32
min )
Tesla lowered the production target of its German plant to 4,350 a week in July and August after hitting 5,000 a week in March, and plans to reduce it further, according to a Business Insider report citing internal documents and anonymous sources. The U.S. carmaker had posted on X, the social media platform formerly known as Twitter, in late March that it hit 5,000 cars per week at the plant in Gruenheide near Berlin, but workers who declined to be named told Business Insider that this was a one-off and average output since then had been much lower, the article said. Tesla said in June it was hiring fewer temporary workers than it did in the beginning because they were no longer needed but that its production targets were on track.
( 31
min )
Former St. Louis Fed chief James Bullard warns that stronger growth will require even higher rates.
( 27
min )
Expectations are lofty, but concerns about China and the supply chain remain.
( 27
min )
Nvidia's highly anticipated second-quarter earnings are scheduled for after the closing bell Wednesday, Toll Brothers reports earnings and revenue that top Wall Street expectations, and sales at Urban Outfitters set a record.
( 27
min )
The investor's ARK Innovation Fund dumped the stock in January, missing out on most of the chip maker's meteoric 212% rise so far in 2023.
( 27
min )
Investors are wagering that the furious rally in Nvidia shares will continue after Wednesday’s earnings report.
( 28
min )
(Bloomberg) -- Gold isn’t losing its allure, according to a dozen money managers who all told Bloomberg News they expect to maintain or raise their exposure to the precious metal in the coming twelve months.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekBorrowers With $39 Billion in Student Loans Finally See ReliefStocks Fail to Catch a Bid Before Nvidia’s Results: Markets WrapBulli
( 32
min )
Global investors have been offloading China’s flagship stocks in a record-selling streak, showing even the nation’s industry leaders are falling out of favour amid concerns for the economy.
( 31
min )
Money-market funds and Treasury bills are offering competition for high-dividend stocks with short-term rates above 5%, but they aren't the only game in town.
( 26
min )
(Bloomberg) -- Global investors have been shedding China’s blue-chip stocks in what’s been a record-selling streak, showing even the nation’s industry leaders are falling out of favor as a rout deepens. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekBorrowers With $39 Billion in Student Loans Finally See ReliefStocks Fail to Catch a Bid Before Nvidia’s Results: Markets WrapForeign i
( 32
min )
Bullish investors are hoping Wednesday's earnings report from chip heavyweight Nvidia can rejuvenate a U.S. stocks rally that has stumbled in recent weeks. Nvidia shares have tripled in 2023, underscoring how a rebound in megacap stocks and excitement over the business potential of artificial intelligence have helped propel the S&P 500 to a 14% gain this year. The chipmaker’s year-to-date increase has led gains among the so-called Magnificent Seven group of megacap stocks, which also include Apple and Microsoft.
( 33
min )
Bitcoin fell Wednesday morning in Asia to trade below US$26,000. Ether also dropped as all other top 10 non-stablecoin tokens traded flat to lower.
( 32
min )
Private equity firm Roark Capital is in the lead to acquire sandwich chain Subway for well over $9 billion after attaching conditions to some of the windfall the two families that own it will get, people familiar with the matter said on Tuesday. These conditions, known as an earn-out, defer payment on part of the deal consideration, the sources said. For the full price to be paid, Subway's cash flow would need to reach certain milestones over a specified period after the deal closes, the sources added.
( 32
min )
Nederlandse huishoudens en bedrijven verbruikten in de eerste helft van dit jaar 15,7 miljard kuub gas. Dat is ruim een derde minder dan in dezelfde periode twee jaar eerder. Ook in vergelijking met vorig jaar is sprake van een flinke daling: een min van 13 procent.
( 3
min )
Als het demissionaire kabinet niet ingrijpt, betalen automobilisten in 2024 fors meer aan de pomp. De accijnzen stijgen en worden ook aangepast aan de inflatie. Een liter benzine kost dan straks 21 cent extra en een liter diesel 13 cent.
( 3
min )
De huizenprijzen stijgen weer, bleek dinsdag uit cijfers van statistiekbureau CBS en het Kadaster. De prijs van een koophuis was in juli gemiddeld 0,5 procent hoger dan een maand eerder. Wat betekent dat voor starters op de woningmarkt?
( 4
min )
Getir is straks in minder Nederlandse steden beschikbaar. Het boodschappenbezorgbedrijf stopt in Breda, Delft, Eindhoven, Groningen, Leiden en Tilburg. Verder wordt een deel van de locaties in Amsterdam gesloten. Het Turkse bedrijf kondigde eerder al krimpplannen in andere landen aan.
( 3
min )
De huizenprijzen stijgen weer, bleek dinsdag uit cijfers van statistiekbureau CBS en het Kadaster. De prijs van een koophuis was in juli gemiddeld 0,5 procent hoger dan een maand eerder. Wat betekent dat voor starters op de woningmarkt?
( 4
min )
Vluchten van reisorganisatie Corendon naar Curaçao krijgen vanaf november een kindvrije zone. Volwassenen die geluidsoverlast van kinderen willen mijden kunnen terecht in een afgeschermde ruimte voor in het vliegtuig. Eerder konden toeristen al hotels zonder kinderen boeken.
( 4
min )
De zogenoemde BRICS-landen onderzoeken de invoering van een gezamenlijke munt voor onderlinge handel. De Braziliaanse president Luiz Inácio Lula da Silva hield daar op een top een pleidooi voor. Het doel is om minder afhankelijk te worden van de Amerikaanse dollar.
( 4
min )
India mag zich het vierde land ter wereld noemen dat succesvol op de maan is geland. De Indiase maanlander landde woensdag iets na 14.30 uur op de zuidpool van de maan.
( 4
min )
De Belastingdienst heeft onterecht onderzoek gedaan naar mogelijk gesjoemel met giften aan de Haagse As-Soennah-moskee, schrijft NRC woensdag. De rechter kan niet uitsluiten dat de fiscus heeft gediscrimineerd.
( 4
min )
Toen VanMoof vorige maand failliet ging, had de fietsenfabrikant een schuld van 143,8 miljoen euro. Dat bevestigt curator Jan Padberg na berichtgeving van het FD. De schuld is fors hoger dan de jaaromzet, die in 2021 op ongeveer 80 miljoen euro uitkwam.
( 4
min )
De eerste Russische maanlandingsmissie in 47 jaar is afgelopen weekend mislukt. Jullie vroegen op ons NUjij-reactieplatform waarom maanlandingen ondanks ruim vijftig jaar ervaring toch mis blijven gaan. Ruimtevaart is en blijft een groot experiment, zegt een expert.
( 4
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Toen VanMoof vorige maand failliet ging, had de fietsenfabrikant een schuld van 143,8 miljoen euro. Dat bevestigt curator Jan Padberg na berichtgeving van het FD. De schuld is fors hoger dan de jaaromzet, die in 2021 op ongeveer 80 miljoen euro uitkwam.
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Sinds de kredietcrisis zijn we elk jaar meer in de winkel gaan kopen, maar in 2023 komt daar waarschijnlijk verandering in. Door de inflatie houdt de consument de hand op de knip, waardoor de winkelverkopen volgens ING 2 procent lager uitvallen: de eerste daling in tien jaar.
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India doet woensdagmiddag een nieuwe poging om een maanrover op de maan te laten landen. Als dat lukt, is India het vierde land ooit dat hierin slaagt. Het is eerder alleen de voormalige Sovjet-Unie, de Verenigde Staten en China gelukt.
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De Gasunie breidt haar lng-terminal in de Rotterdamse haven verder uit. Dit moet ervoor zorgen dat ons land meer lng (vloeibaar aardgas) kan invoeren. Lng wordt gezien als een belangrijke vervanger van Russisch aardgas.
( 3
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De Belgische farmaceut Janssen is van plan zijn afdeling voor vaccinontwikkeling in Leiden te sluiten. Daardoor staan er mogelijk banen op de tocht, al is niet duidelijk om hoeveel arbeidsplaatsen het gaat. Dat heeft het bedrijf bevestigd na berichtgeving van De Telegraaf.
( 3
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The markets have been exhibiting some wobbly tendencies recently, with the strong rally seen in the first half of the year appearing to have wilted a bit under the summer sun. Fear not, however, appears to be the advice of one prominent stock picker. With US inflation falling to 3% recently compared to last summer’s 9%, and with GDP growth in the last quarter coming in at 2.4%, famous value investor Bill Miller, whose net worth is valued at $1.4 billion, thinks the rest of the year looks pretty
( 34
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The first commercial production of graphite in North America could be just 12 months away, a moment that will transform global electric vehicle supply chains forever.
( 41
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(Bloomberg) -- In a remote, dusty corner of New Mexico, so near to the Texas border that if you wander too close your smartphone changes time zones, sits a pristine factory that is the best chance for the US to wean itself off an addiction that few knew it had: uranium enriched in Russia.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office F
( 37
min )
(Bloomberg) -- Vanguard Group has famously stood apart in the money-management world with its popular mutual funds offering the liquid ETF wrapper.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekStocks Fail to Catch a Bid Before Nvidia’s Results: Markets WrapBorrowers With $39 Billion in Student Loans Finally See ReliefN
( 31
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CD rates are still rising—and have set a record in every term—according to newly released national averages from the FDIC. How much longer will this party last?
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Today's best CD rate is a 5.85% jumbo option from One American Bank. For smaller deposits, the top rate is 5.75% from either Abound Credit Union or MapleMark Bank.
( 21
min )
The contract electronics manufacturer stock is on pace for a new closing high.
( 27
min )
Shares of electric-vehicle start-up VinFast are surging. The newly public company is worth more than Ford Motor and General Motors.
( 26
min )
Investors in acquired oil companies are being rewarded with the promise of steady cash flows and dividends over time, instead of hats full of cash.
( 26
min )
The favorable vote on a new contract with the logistics company is good news for a variety of businesses.
( 27
min )
J&J holders who participated in the exchange offer can choose which J&J shares they want to use for their cost basis in Kenvue.
( 26
min )
Billionaire philanthropist George Soros, while polarizing, has made some of the most successful trades in history. His fund has averaged a roughly 30% yearly return since inception. Soros made bets on Tesla Inc. as early as 2018 and ventured into cryptocurrency the same year. According to the billionaire's latest 13F filings, he is making other interesting bets going into the second half of 2023. See more on startup investing from Benzinga: Until 2016 it was illegal for retail investors to inves
( 31
min )
The move is effective Wednesday and is the result of embattled Philadelphia bank failing to file its 2022 annual report.
( 12
min )
(Bloomberg) -- Foreign investors are selling short-dated Treasuries, which suggests there’s more room for yields to rise as some buyers step back from paper that’s considered expensive. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateHong Kong Investor Starts Property Fire Sale After Wife ArrestedThere’s been renewed selling in the less-tha
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min )
Nearly everyone realizes demand for the company's artificial intelligence chips will likely outstrip supply for a while.
( 26
min )
Traders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia's shares following the chipmaker's quarterly results after the close on Wednesday, options market data showed. Nvidia options imply a nearly 11% swing for the shares, in either direction, by Friday, according to Trade Alert data. A move of that magnitude would be larger than the 8.6% average swing on the day after the chipmaker's results over the last eight quarters, but still well below the 24.4% jump after the last earnings report.
( 31
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(Bloomberg) -- Charles Schwab Corp. is looking to raise fresh debt in the US investment-grade bond market, after revealing plans to cut jobs and close or downsize offices to curb costs. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesThe financial services firm brought a benchm
( 31
min )
The race to space exploration has been heating up, with Elon Musk's SpaceX making significant strides in the sector. The private company is valued at approximately $150 billion after a recent share sale by investors. Musk is speculated to own roughly 44% of the company. The company reached an agreement with both new and existing investors to offer up to $750 million in stock from insiders at a price of $81 per share last month, valuing it at approximately $140 billion, according to a document se
( 33
min )
Leading economists say the threat of recession has passed, but there's a lot of reasons to think the worst is yet to come.
( 36
min )
In the latest volatile session since its backdoor listing last week, VinFast's stock was last up 127% at $40.24, giving it a market capitalization of $95 billion. Last Tuesday, the cash-burning company soared as it started trading on the U.S. stock market with an opening price of $22 following its tie-up with SPAC partner Black Spade Acquisition. With 99% of the EV firm controlled by founder Pham Nhat Vuong, the tiny amount of publicly available shares has made the stock prone to volatility.
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min )
The stock is down about 32% this year, and fell again on Tuesday after Schwab outlined plans to rein in expenses.
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The move follows the company's recent announcement that it plans to acquire Crestwood Equity Partners in a $7.1 billion deal.
( 9
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There's a rush into Nvidia options ahead of the chip maker's earnings tomorrow, with many traders eyeing trades that would profit if the shares kept soaring.
Some of the most popular trades early Tuesday are calls tied to the shares jumping to $500 or even $700, Cboe Global Markets data show. Calls
( 21
min )
(Bloomberg) -- President Vladimir Putin demanded steps to control the outflow of capital from Russia and to reduce volatility in financial markets, warning of the threat from rising prices following the slump in the ruble.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekBorrowers With $39 Billion in Student Loans Finally See ReliefStocks Fail to Catch a Bid Before Nvidia’s Results: Ma
( 31
min )
3M announced three leadership changes Tuesday as it prepares to spin off its health care division into an independent company.
( 11
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Shares of VinFast jumped roughly 88% on Tuesday, continuing a streak of big swings in trading since the electric-vehicle stock debuted on the Nasdaq last week.
VinFast more than tripled in its public debut, then fell for three straight sessions. The stock is still up more than 200% since VinFast's
( 21
min )
A new plan to trim expenses has Charles Schwab shares selling off.
The stock is down 4% on Tuesday morning, after the brokerage firm said Monday it aims to save $500 million annually by [reducing its office space and trimming headcount](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-
( 22
min )
Shares of electric-vehicle start-up VinFast are surging. The newly public company is worth more than Ford Motor and General Motors.
( 26
min )
A new breed of overemployed workers has emerged, turning to artificial intelligence (AI)-powered language models like ChatGPT to handle a significant portion of their job responsibilities. "ChatGPT does like 80% of my job," stated one worker, while another, currently holding down four robot-performed jobs, says, "Five would be overkill." As the popularity of AI-powered tools like ChatGPT continues to soar, concerns are growing about the impact on the global job market. With the potential for job
( 33
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(Bloomberg) -- While higher interest rates can juice profits for a slew of lenders, a senior TD Securities strategist warns that the relentless jump in borrowing costs threatens to create fresh problems for the banking sector. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateHong Kong Investor Starts Property Fire Sale After Wife ArrestedThe
( 31
min )
The materials company named a CEO for its healthcare business and added some responsibilities for its CFO.
( 27
min )
Move to cut the lenders' credit rating comes only weeks after Moody's slashed its ratings on several banks.
( 33
min )
Nvidia earnings have the potential to keep the tech rally going, but investors shouldn't forget the markets mantra: Don't fight the Fed.
( 27
min )
Nvidia stock is selling off on Tuesday, but the recent rally in shares ahead of Wednesday’s earnings shows that investors are still pretty enthusiastic.
The stock is up 6.8% since Aug. 16, according to FactSet. If that holds up through tomorrow’s close, it will be the second-strongest rally in the
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min )
Riding the wave of positive economic developments in 2023, investors have significantly increased their exposure to the stock market this year. The evidence is in the data, as pointed out by Goldman Sachs’ Chief US Equity Strategist, David Kostin. The investment firm’s US Equity Sentiment Indicator rebounded from -1.8 in December to +1.5 in July. However, during August, the bears have been trying to regain a foothold, and over the past week, that metric has fallen to +0.8. Now, Kostin says that
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United States Steel Corp. CEO David B. Burritt sent a letter to employees Tuesday, thanking them for staying focused as the board of directors and upper management consider offers to sell the company.
( 10
min )
Broadcom, Inc. (AVGO) shares have jumped 54% in 2023. This uptrend is being powered by mega appetite for the stock.
( 31
min )
3M in July disclosed plans to spin off its healthcare business into a listed company, in which 3M would retain a stake of 19.9%. Hanson would join 3M on Sept. 1 as CEO of Health Care Business Group, the company said.
( 31
min )
Arm Holdings is preparing for its IPO and the model for its success will be Nvidia - an AI chip favorite. But there are potential concerns about Arm's exposure to China and the smartphone market, warn analysts.
( 27
min )
Baidu, Inc (NASDAQ: BIDU) reported a second-quarter FY23 revenue growth of 15% year-on-year to $4.697 billion, beating the consensus of $4.570 billion. Baidu's Non-GAAP earnings per ADS of $3.11 beat the consensus of $2.32. Segments: Baidu's Core revenue increased 14% Y/Y to $3.64 billion; Online marketing revenue improved 15% Y/Y to $2.71 billion. Non-online marketing revenue grew 12% Y/Y to $937 million, driven by cloud and other AI-powered businesses. Revenue from IQIYI, Inc (NASDAQ: IQ) incr
( 31
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Macy’s swung to a loss and reported a sales decline in the second quarter as worries about inflation continue to make shoppers pull back on clothing and other discretionary purchases. Macy's reaffirmed its annual sales and profits forecasts, noting uncertainty about the economy in the second half. Macy’s is one of the last remaining retailers to report second-quarter results in an earnings season that shows how still high inflation, despite some easing, is forcing shoppers to continue to cut back on discretionary items like clothing in order to afford their larger grocery bills.
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min )
A growing number of workers report that their primary source of retirement income will come from their 401(k) workplace savings plan, according to a new retirement study from Schwab. In 2022, workers said 37% of their retirement money would come from 401(k) cash. That figure has now risen to 40% of workers. Consider working with […] The post You May Need to Rethink Where Your Retirement Income Will Come From appeared first on SmartReads by SmartAsset.
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min )
The company reports earnings per share of $4.56 in the quarter, beating FactSet expectations for $4.47.
( 26
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Rising hopes of Nvidia's revenue target once again surpassing Wall Street estimates have fueled a 16.5% surge in shares over the past week. Wall Street expects Nvidia, which dominates the market for chips used to power generative AI like ChatGPT and many such services, to forecast 110% growth in third-quarter revenue to $12.50 billion when it reports results on Wednesday. Nvidia's blowout forecast last quarter had also sparked a rally in AI-stocks as well as Big Tech, making it one of the key drivers for the U.S. stocks rally this year.
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Baidu said second-quarter net profit climbed, thanks to growth in online-marketing and video-streaming services.
( 26
min )
Dara Khosrowshahi took to the streets of San Francisco to give passengers rides and deliver Uber Eats orders.
( 33
min )
As part of the deal, Microsoft would sell the non-European streaming rights to Activision games to Ubisoft.
( 26
min )
Strong results at Baidu cut through macroeconomic concerns over China that have recently weighed on the country's stocks.
( 27
min )
Companies are disclosing the impacts of the 1% tax on share repurchases.
( 26
min )
Investors are wagering that the furious rally in Nvidia shares will continue after Wednesday’s earnings report.
( 27
min )
(Bloomberg) -- Baidu Inc.’s revenue rose its most in more than a year, joining China’s largest internet companies in rediscovering growth after Beijing relaxed its grip on the private sector to try and jumpstart a faltering economy.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ Clima
( 33
min )
(Bloomberg) -- Chinese stocks staged a sudden rally late on Tuesday, with several traders attributing the rebound to technical reasons in the absence of any fresh triggers.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateIn Hong Kong, the Hang Seng Index climbed nearly 2% within
( 31
min )
Housing affordability, as monitored by the Atlanta Fed, has already deteriorated beyond the levels seen at the housing bubble's peak in 2006.
( 32
min )
(Bloomberg) -- China is extending two lines of currency defense to support the yuan, pushing up funding costs in the offshore market and battling back once more with a stronger-than-expected reference rate for the managed currency.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesTech Storms Back as Nvidia’s 8% Jump Fuels AI Bets: Marke
( 30
min )
(Bloomberg) -- Two weeks after Moody’s Investors Service rattled financial stocks by cutting the ratings for a slew of US banks, S&P Global Ratings is downgrading and dimming its outlook for several more — citing a similar mix of pressures making life “tough” for lenders.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysNasdaq 100 Climbs 1% as Tech Powers Stock Rebound: Markets WrapQuant Trader Doub
( 30
min )
S&P downgraded the ratings of Associated Banc-Corp and Valley National Bancorp on funding risks and a higher reliance on brokered deposits. It also downgraded UMB Financial Corp, Comerica Bank and Keycorp, citing large deposit outflows and prevailing higher interest rates. A sharp rise in interest rates is weighing on many U.S. banks' funding and liquidity, S&P said in a summarized note, adding that deposits held by Federal Deposit Insurance Corp (FDIC)-insured banks will continue to decline as long as the Federal Reserve is "quantitatively tightening."
( 31
min )
(Bloomberg) -- A top-performing Chinese macro hedge fund blamed global capital for sinking the country’s stocks to the lowest levels since November.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateForeign funds are primary drivers of Chinese stocks’ recent selloff, said Li Bei,
( 32
min )
(Bloomberg) -- BHP Group Ltd., the world’s biggest miner, reported a 37% decline in full-year profit, missing analysts’ forecasts, as China’s struggling economy weighed on demand for iron ore and other commodities.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysNasdaq 100 Climbs 1% as Tech Powers Stock Rebound: Markets WrapCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnUnderlying at
( 31
min )
Underwriting expenses consist of a wide range of costs and expenditures associated with underwriting activity.
( 18
min )
Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.
( 18
min )
CD rates are still rising—and have set a record in every term—according to newly released national averages from the FDIC. How much longer will this party last?
( 17
min )
Today's best CD rate is a 5.85% jumbo option from One American Bank. For smaller deposits, the top rate is 5.75% from either Abound Credit Union or MapleMark Bank.
( 19
min )
The S&P 500 dipped 0.3% on Tuesday, Aug. 22, 2023, dragged down by weakness in the banking sector following S&P's downgrade of several lenders.
( 17
min )
Visa is a major card network but doesn't issue credit cards itself. Cards with the Visa brand include credit, debit, prepaid, and gift cards.
( 23
min )
Your debt-to-limit ratio compares your outstanding debt to your available credit and is an important factor in your credit score.
( 23
min )
Credit cards can no longer charge dormancy or inactivity fees, but other types of cards and financial accounts still can.
( 24
min )
A leveraged loan is one that is extended to companies or individuals that already have considerable amounts of debt or a poor credit history.
( 22
min )
Older adults are growing more fearful that the Social Security program will run dry, a fear that has some basis in reality, but which may or may not come true.
( 18
min )
American Express CD rates can be much higher than average with certain terms, and there’s no minimum balance to open a new CD.
( 21
min )
A financial plan is a document detailing a person’s current money situation and long-term monetary goals, as well as strategies to achieve them.
( 25
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Add this to the many ways that we all could end up paying for the effects of climate change: The U.S. and other countries could see their credit ratings tumble, making their debts harder to pay off.
( 17
min )
A convertible insurance policy allows the insured to convert a term policy to a permanent policy at a later date.
( 20
min )
Personal loan rates jumped this week to 20.87%, adding 28 basis points since last week when the average personal loan rate sat at 20.59%.
( 18
min )
Pet insurance can help you save on veterinary care. Learn how pre-existing condition exclusions apply when purchasing pet insurance coverage.
( 21
min )
The Federal Trade Commission (FTC) recently uncovered a scam targeting student loan borrowers that made $8.8 million by promising debt relief.
( 17
min )
Tech giant IBM has agreed to a deal with investment firm Francisco Partners for its holdings in The Weather Company.
( 17
min )
Understand the differences between inflation and deflation, their effects on economies and consumers, and why economies frequently teeter between the two.
( 23
min )
If you can, take advantage of a little-known tax break and front-load your 529 plan to maximize the effect of compounding.
( 24
min )
Moving out into your first rental is a big step, so be financially prepared.
( 21
min )
These successful women entrepreneurs have built global brands and fortunes through their own hard work and strong drive.
( 25
min )
Your 529 plan will cover the same qualified education expenses when you study abroad as it does in the United States.
( 22
min )
Bank of America is the latest credit card issuer to offer benefits to electric vehicle (EV) owners with its rewards program.
( 17
min )
DICK's reported a 13% decline in EPS and a drop in gross margin, attributable in part to the growing problem of inventory shrinkage across the retail industry.
( 17
min )
More U.S. banks have been hit with credit rating downgrades, the latest development that threatens to make borrowing even more difficult for businesses and individuals.
( 18
min )
U.S. equity markets were mixed in midday trading on Tuesday, Aug. 22, 2023 as bank stocks lost ground after S&P downgraded several U.S. banks.
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A country's balance of trade can affect its exchange rate when trade surpluses or trade deficits influence the supply of or demand for the country's currency.
( 20
min )
MACOM agreed to buy Wolfspeed's radio frequency for $125 million, in a move that the companies say could help MACOM boost its earnings and Wolfspeed better focus on its silicon carbide power device and material businesses.
( 17
min )
Your 529 plan withdrawals that aren’t used for qualified education expenses can be subject to tax and a 10% penalty. Here’s how to avoid that penalty.
( 25
min )
The rule of 72 is a mathematical shortcut used to predict when a population, investment, or other category will double in size for a given rate of growth.
( 20
min )
Lowe's, one of America's biggest home improvement retailers, said sales fell less than expected as robust spending online and by home professionals helped offset lower DIY discretionary demand.
( 17
min )
Although imperfect, these leading economic indicators can help investors predict and react to where the market is headed.
( 25
min )
While there are several kinds of personal loans that are easy to get approved for, these tend to be more costly than a traditional personal loan.
( 24
min )
Chinese e-commerce company Baidu reported revenue 15% higher, beating analysts' estimates, while its automated taxi service grew.
( 16
min )
Microsoft said it would transfer the cloud streaming rights of Activision's games to French rival Ubisoft to convince U.K. regulators to allow Microsoft's acquisition of Activision.
( 17
min )
The producer price index is a monthly measure of change in the prices received by domestic producers.
( 26
min )
The highest and lowest unemployment rates in the world vary dramatically, even among the world's largest economies, and low unemployment doesn't mean wealth.
( 25
min )
Retail sales tracks consumer demand for finished goods by measuring the purchases of durable and non-durable goods over a defined period of time.
( 25
min )
Form 1099-NEC is an Internal Revenue Service (IRS) form for businesses to report payments made to nonemployees, such as independent contractors.
( 21
min )
Core retail sales is an economic indicator of the strength of retail in the U.S. It excludes certain highly volatile categories such as gasoline.
( 22
min )
Microsoft submitted a new proposal to U.K. regulators for its stalled acquisition of Activision Blizzard, and Zoom shares rose after the video conferencing provider beat earnings projections on strength in its enterprise business. Here’s what investors need to know today.
( 19
min )
Cyclical unemployment and structural unemployment differ greatly. Here we describe how different types of unemployment impact workers and the economy.
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min )
Learn about two competing economic theories of the role of money supply and whether money supply causes inflation in the economy.
( 23
min )
De Groningse economie is in de maanden april, mei en juni flink gekrompen. Dat komt door de afbouw van de gaswinning in de provincie.
( 3
min )
Na Vattenfall kondigt ook energiemaatschappij Essent lagere energietarieven voor klanten met een variabel energiecontract aan. Hoewel Essent minder vraagt voor stroom en gas, moedigt het bedrijf klanten nog wel aan zuinig aan te doen.
( 4
min )
Toezichthouder ACM gaat ervoor zorgen dat leveranciers van stadsverwarming geen torenhoge winsten kunnen maken. Dat moet voorkomen dat gebruikers van stadsverwarming te veel betalen voor hun energie.
( 3
min )
Big Bazar heeft ook verstek laten gaan bij een rechtszaak die is aangespannen door twee verhuurders in Drenthe. Dat gebeurde eerder ook al in Alkmaar. Toen zei de winkelketen dat het om een fout in de agenda ging.
( 4
min )
Schepen die door het Panamakanaal willen varen, moeten steeds langer wachten. Door de droogte en lage waterstanden in Panama is een grote opstopping ontstaan. De wachttijd voor schepen loopt flink op.
( 3
min )
Schiphol heeft in juli iets meer dan zes miljoen reizigers verwerkt. Het was voor het eerst sinds oktober 2019 dat het maandelijkse aantal reizigers boven de zes miljoen uitkwam. Wel zijn het er nog beduidend minder dan in juli 2019.
( 3
min )
Nederlandse particulieren pakten vorig kwartaal gemiddeld 3,2 procent rendement op hun beleggingen. Dan gaat het om investeringen in aandelen, obligaties en beleggingsfondsen.
( 3
min )
De top van het Britse bedrijfsleven zag zijn beloning vorig jaar met gemiddeld 600.000 euro stijgen naar 4,6 miljoen euro (3,9 miljoen pond). Ook de Nederlandse ex-Shell-topman Ben van Beurden boerde goed, met ongeveer 11 miljoen euro. De vergoedingen wekken irritatie bij veel Britten.
( 4
min )
Het Turkse boodschappenbezorgbedrijf Getir gaat reorganiseren. Dat betekent dat 2.500 medewerkers van het bedrijf hun baan verliezen. Dat is ongeveer 10 procent van het personeelsbestand.
( 3
min )
De top van het Britse bedrijfsleven zag zijn beloning vorig jaar met gemiddeld 600.000 euro stijgen naar 4,6 miljoen euro (3,9 miljoen pond). Ook de Nederlandse ex-Shell-topman Ben van Beurden boerde goed, met ongeveer 11 miljoen euro. De vergoedingen wekken irritatie bij veel Britten.
( 4
min )
Microsoft heeft nieuwe toezeggingen gedaan om gameontwikkelaar Activision Blizzard alsnog te mogen overnemen. De Britse toezichthouder CMA blokkeerde de deal in juni, omdat de softwaregigant anders mogelijk te machtig wordt op de markt voor online games.
( 4
min )
Nederlandse particulieren pakten vorig kwartaal gemiddeld 3,2 procent rendement op hun beleggingen. Dan gaat het om investeringen in aandelen, obligaties en beleggingsfondsen.
( 3
min )
De Verenigde Staten hebben 27 Chinese bedrijven en organisaties van de 'zwarte lijst' gehaald. Bedrijven op die lijst hebben beperkte toegang tot Amerikaanse technologie.
( 3
min )
Oekraïne wil de graanexport herstellen nu Rusland uit de graandeal is gestapt. Kiev is in gesprek met verzekeringsmaatschappijen die graanschepen in de Zwarte Zee kunnen dekken.
( 3
min )
Apple rolt dinsdag zijn nieuwe dienst Tap to Pay uit in Nederland. Daarmee kunnen winkeliers van hun iPhone een pinapparaat maken.
( 3
min )
The Charles Schwabe Corporation reported in an SEC filing Monday it plans to close or downsize some corporate offices and reduce its headcount to cut costs.
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The action could lift shares of Kenvue, but Johnson & Johnson stock could come under pressure due to index selling.
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(Bloomberg) -- An exchange-traded fund that aimed to track CNBC anchor Jim Cramer’s stock picks is planning to shutter just five months after launching.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysNasdaq 100 Climbs 1% as Tech Powers Stock Rebound: Markets WrapCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnThe Long Cramer Tracker ETF (ticker LJIM) will stop trading Sept. 11, accor
( 31
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Charles Schwab is spending hundreds of millions to exit facilities and cut jobs.
( 10
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Facebook users in the U.S. have until Friday to apply for their share of a $725 million privacy settlement that parent company Meta agreed to pay last year.
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AMC Preferred Equity units, also known as APES, will no longer be traded on Aug. 25, and will instead be converted to common stock.
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States with many workers without retirement savings are likely to face a spike in senior poverty, researchers say.
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The yield on a 10-year government bond is at 4.34%, its highest level since 2007. The 30-year, at 4.445%, was at its highest level since 2011.
( 26
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Shares of chipmaker Nvidia were up Monday after HSBC analysts lifted the chipmaker’s price target on an increasing sales forecast for fiscal 2024.
( 31
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Carrier American Airlines struck a new four-year contract that immediately raises pay by 21% and adds additional benefits, including changes in scheduling.
( 27
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Grant Cardone, a renowned sales trainer, speaker and entrepreneur with an estimated net worth of $600 million, recently took to X, formerly Twitter, to raise a thought-provoking question: "Can someone explain to me how public servants (politicians) are becoming multimillionaires on $100,000 salaries?" While the message did not specify which public servants he was referring to, it is presumed that Cardone’s remarks were primarily aimed at members of the U.S. Congress. See more on startup investin
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Today's best CD rates are 5.75% APY from MapleMark Bank for 1 year, 5.65% APY from Dow Credit Union for 3 months, and 5.56% APY from TotalDirectBank.
( 21
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Who will end up acquiring U.S. Steel? One analyst thinks the road for a successful buyer runs, in part, through United Steelworkers.
( 10
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The yield on a 10-year government bond is at 4.34%, its highest level since 2007. The 30-year, at 4.445%, was at its highest level since 2011.
( 26
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At least four lawsuits have been filed against the utility in connection with the wildfires that devastated Maui.
( 27
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Everyone has their crystal ball out, trying to figure out where stocks are going. The market’s recent performance is no guide – stocks rose sharply through most of this year, but this August has seen several weeks of consecutive declines. Looking forward, both the bulls and bears can present solid arguments. Marko Kolanovic, J.P. Morgan’s Chief Global Market Strategist, sides with the latter, as he believes the market is on the verge of a downturn. Kolanovic notes that US households built up mor
( 35
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China is facing a “downward economic spiral” amid a mounting crisis in its debt-laden property sector, analysts have warned.
( 32
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American Airlines pilots have approved a new contract that will raise their pay about 41% over four years, their union said Monday. The Allied Pilots Association said that 73% of pilots who took part voted in favor of the four-year contract, which it valued at $9.6 billion. “This contract is a big first step toward restoring the wages, benefits, and work rules that were lost during the past two decades while our profession was under continuous assault," said union President Ed Sicher.
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With the late Steve Jobs and Steve Wozniak, Apple Inc.'s co-founders, dominating the tech world for decades, it’s easy to overlook the vital role played by a lesser-known figure: Mike Markkula. While Jobs and Wozniak captured the limelight, Markkula’s contributions to Apple's success were no less significant. From angel investor to CEO and chairman, Markkula’s journey with Apple showcased his belief in the power of personal computers. See more on startup investing from Benzinga: Until 2016 it wa
( 33
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(Bloomberg) -- The government has issued an eye-watering $1 trillion in Treasury bills since the debt-ceiling was suspended in early June. So far, the market hasn’t batted an eye.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Double Down on a Bet Gone BadCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnBig Tech Powers Stock Gains as Nasdaq 100 Rises 1%: Markets WrapFor all the concerns about whether the market wo
( 31
min )
AMC Preferred Equity units, also known as APES, will no longer be traded on Aug. 25, and will instead be converted to common stock.
( 26
min )
SentinelOne Inc, a cybersecurity company with a market value of $4.2 billion, has been exploring options that could include a sale, according to people familiar with the matter. It had benefited from a bonanza in technology spending during the COVID-19 pandemic, fueled by remote work, which fizzled as companies slashed their information technology budgets as the economy slowed. SentinelOne has hired investment bank Qatalyst Partners to advise on discussions with potential acquirers, including private equity firms, the sources said.
( 32
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Wall Street Journal Mark Vs. Elon: Meta's Threads Prepares To Counter Musk's X With Web Version Meta Platforms Inc (NASDAQ: META) is gearing up to launch a desktop version of its microblogging application, Threads. The anticipated web version seeks to address a significant request from its user base and comes as a notable upgrade to its rivalry against Elon Musk's X. After Meta's initial release of Threads in July, it witnessed a surge in popularity, but its momentum has noticeably slowed recent
( 35
min )
(Bloomberg) -- Nvidia Corp. shares climbed as much as 5.4% on Monday, as more analysts raised their price targets on the stock, a sign of growing optimism about the chipmaker’s highly anticipated results later this week.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Double Down on a Bet Gone BadCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnBond Slide Takes Wind Out of Stocks Amid Fed Angst: Markets WrapThe ave
( 32
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The U.S. housing market has been under pressure as a result of substantial interest rate hikes from the Federal Reserve. But that hasn't deterred legendary investor Warren Buffett from placing big bets in the sector. In its latest 13F filing with the Securities and Exchange Commission, Buffett's company Berkshire Hathaway Inc. (NYSE:BRK) disclosed new stakes in three U.S. homebuilders. Investors often pay close attention to Buffett's 13F filings because of his track record of generating consiste
( 33
min )
Shares of FedEx and Amazon are both falling after investors learn that Amazon has restarted a third-partly logistics offering.
( 26
min )
Germany’s “lacklustre” economy will likely stagnate again in the third quarter, the Bundesbank has said, as weak demand from abroad and high interest rates take their toll on Europe’s industrial powerhouse.
( 44
min )
(Bloomberg) -- The yield on 10-year inflation-protected Treasuries exceeded 2% for the first time since 2009, extending its ascent from year-to-date lows near 1%.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Keep Piling Into a Bet Gone BadPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnThe benchmark rose as much as 6 basis points to 2%, before easing a
( 31
min )
Roark Capital is nearing a deal to buy sandwich chain Subway for about $9.6 billion, the Wall Street Journal reported on Monday.
( 29
min )
It has been a tough year for the stock prices of Covid-19 vaccine makers, but today is a different story.
Moderna shares are up 7% Monday, after a Biden administration official urged Americans to get booster shots for the disease this fall. Moderna [said in a release last week](https://investors.mo
( 22
min )
Coming off last year’s merciless bear market year, billionaire value investor David Einhorn managed to buck the trend and steer his hedge fund Greenlight Capital to its best performance in a decade. Now, Einhorn finds himself a bit worried about what might come next. “If we were ‘bearish’ until March and ‘neutral’ through June, we would now characterize ourselves as ‘worried,’” he recently said. “Should long-term interest rates rise, either due to the strong economy or due to supply/demand issue
( 34
min )
Johnson & Johnson investors who elected to participate in the swap will see just 23.8% of their shares converted into Kenvue stock
( 26
min )
The EV maker announced the sale of up to $325 million in convertible bonds. The initial tranche will bring in roughly $125 million to company coffers.
( 26
min )
The U.K.’s Competition and Markets Authority said the deal wouldn't substantially reduce competition in the supply of server hardware components.
( 27
min )
Analysts seem convinced that Nvidia earnings will wow Wall Street this week. Does it raise the risk of disappointment that could hit the whole stock market?
( 27
min )
The company has been in a dispute with a group of former board members.
( 10
min )
A decline in parcel volume and a combination of the Express and Ground units leaves the company with an excess of 700 pilots.
( 25
min )
For the rest of 2023, Baird analyst Ben Kallo has six "best ideas" for investors. Tesla is one of them.
( 27
min )
XPeng upgraded, Napco downgraded: Wall Street's top analyst calls
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min )
I am 60 years old, married, with no mortgage. We also have $1.1 million in liquid cash and $880,000 in a 401(k). I will have two pensions, which have not started yet, and my wife will have one pension, all … Continue reading → The post Ask an Advisor: I Am 60 Years Old, Have $1.1M Cash, $880K in a 401(k), Several Pensions and Social Security. Should I Retire Now? appeared first on SmartAsset Blog.
( 34
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The poster child for 2023's artificial intelligence frenzy, Nvidia, reports earnings this week.
The stakes are high ahead of this week's earnings report—not just for Nvidia, but for the broader market. Many analysts have [turned bullish on the stock](https://www.wsj.com/finance/stocks/the-ai-trade-
( 22
min )
Johnson & Johnson investors who elected to participate in the swap will see just 23.8% of their shares converted into Kenvue stock
( 26
min )
Medical Properties Trust slashed its dividend on Monday, an acknowledgement that its previous payouts had become unsustainable.
The Birmingham, Ala.-based real estate investment trust, the nation’s largest hospital landlord, said it would cut its quarterly dividend per share to 15 cents from 29 cen
( 22
min )
The Food and Drug Administration approved 8-milligram doses of Eylea, a treatment for wet age-related macular degeneration.
( 27
min )
After weeks of historically low volatility, Bitcoin snapped back into action late last week with a dramatic selloff. More declines may be coming.
( 26
min )
The effect of politically motivated boycott calls on consumer companies may be overblown, research suggests.
( 27
min )
A Midland-based company that formed through a merger just under a year ago has agreed to pay $4.5 billion to acquire a Houston-area energy company that's been on an acquisition streak of its own.
( 12
min )
Permian Resources plans on increasing its quarterly dividend by 20% to 6 cents a share beginning in the first quarter of 2024.
( 26
min )
The EV maker announced the sale of up to $325 million in convertible bonds. The initial tranche will bring in roughly $125 million to company coffers.
( 26
min )
(Bloomberg) -- A former Deutsche Bank AG trader is rapidly amassing enough wealth in the fallout from volatile interest rates and inflation to rival some of the richest billionaires in finance.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Keep Piling Into a Bet Gone BadPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnAlex Gerko’s fortune has surged to $
( 32
min )
(Bloomberg) -- Nikola Corp. fell in early trading after the maker of electric big rigs warned it may not reach its full-year delivery target as it grapples with fallout from recent battery incidents.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Keep Piling Into a Bet Gone BadPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnThe company also said in a reg
( 31
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Employees who don't comply with the new rules could face termination or see their performance reviews impacted.
( 33
min )
The U.K.’s Competition and Markets Authority said the deal wouldn't substantially reduce competition in the supply of server hardware components.
( 27
min )
Analysts seem convinced that Nvidia earnings will wow Wall Street this week. Does it raise the risk of disappointment that could hit the whole stock market?
( 27
min )
Investing.com -- Shares in Johnson&Johnson (NYSE:JNJ) slipped on Monday after the American healthcare giant said it will retain about a 9.5% stake in its consumer health carve-out Kenvue (NYSE:KVUE) following a share exchange offer.
( 31
min )
BofA Securities analyst Ming Hsun Lee upgraded XPeng stock to Buy from Hold, raising his price target to $22 from $16.30.
( 26
min )
Permian Resources said on Monday it would buy Earthstone Energy in an all-stock transaction valued at about $4.5 billion, including debt. The deal would strengthen Permian Resources' position as a leading Delaware Basin independent producer with pro forma production of about 300,000 barrels of oil equivalent per day (boepd). Delaware Basin, a part of the wider Permian Basin, is a prime target for producers looking to increase their inventory.
( 30
min )
Amid record profits, workers want to roll back concessions made to auto industry after the 2008 economic recession
( 35
min )
The Fed's interest rate hikes have driven money market fund yields to their highest level in decades with balances at a record high as investors look to beat inflation.
( 32
min )
In a reality check for natural-gas producers, volatile prices are prompting European homes and factories to go green faster than expected.
( 25
min )
Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Nvidia shares have nearly tripled in value this year, swelling the company's market valuation by more than $700 billion and making it the first trillion-dollar chip firm. The blistering rally in its shares means that Nvidia has little room for any earnings-related disappointment and anything other than a higher-than-expected forecast could trigger a rout in its stock, some analysts have warned.
( 32
min )
The People’s Bank of China reduced its one-year loan prime rate by 0.1 percentage point to 3.45% while the five-year rate was kept unchanged at 4.2%, disappointing investors.
( 26
min )
Fresh evidence of a robust U.S. economy last week yet again stoked expectations that the Federal Reserve could keep rates higher for longer, driving 10-year Treasury yield to its highest level since October. Investors are now keenly waiting for comments from Fed Chair Jerome Powell on Friday at a meeting of central bankers at Jackson Hole in Wyoming that begins on Aug. 24.
( 32
min )
(Bloomberg) -- Two of Wall Street’s top strategists are at odds about the outlook for US stocks following a three-week run of declines as debate rages over whether the economy can avoid a recession.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Keep Piling Into a Bet Gone BadPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnWhile Morgan Stanley’s Michael
( 32
min )
After weeks of historically low volatility, Bitcoin snapped back into action late last week with a dramatic selloff. More declines may be coming.
( 26
min )
China's major state-owned banks were seen actively mopping up offshore yuan liquidity on Monday, three people with knowledge of the matter said, a move that raised the cost of shorting the Chinese currency. State banks often act as agents for China's central bank in the offshore foreign exchange market, but they could also trade on their own behalf or execute their clients' orders. Tightening up offshore yuan liquidity could also act to stabilise the yuan, said one of the sources.
( 30
min )
Surging loan delinquencies signal that many consumers can’t afford their auto loans.
( 27
min )
Tech stocks are powering the bull market, but AI-powered exchange-traded funds are lagging behind.
( 26
min )
(Bloomberg) -- Oil rose for a third day as signs the physical market is tightening and a stall in the dollar’s rally offset growing demand risks in China and the US.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionGlobal benchmark Brent traded above $85 a barrel, and is up more t
( 31
min )
↗️ Palo Alto Networks (PANW): Shares rose more than 12% in premarket trading after the cybersecurity firm's earnings beat analysts' estimates. The unusually timed Friday-night release [had Wall Street worried](https://www.wsj.com/articles/cybersecur
( 21
min )
Full-time in-office work is going the way of the dinosaurs. Now the choice is between hybrid and fully remote work, the survivors in the new world of work.
( 35
min )
Palo Alto Networks reassured analysts with its earnings report after a brief panic over its unusual timing. It's a relief for cybersecurity peers CrowdStrike and Zscaler.
( 27
min )
(Bloomberg) -- Chinese stocks extended losses as mainland banks surprisingly kept a key interest rate that’s linked to mortgages on hold, in a move that sent mixed messages on the country’s commitment to support the embattled property sector. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadRolls-Royce Debuts Droptail Roadster, Priced at Over
( 32
min )
Palo Alto Networks' fiscal fourth-quarter earnings top analysts' expectations, a report says Meta Platforms is expected this week to launch of desktop version of its microblogging app Threads, Zoom Video reports earnings after the close of trading Monday, and Nvidia reports later in the week.
( 27
min )
(Bloomberg) -- Adyen NV’s most skeptical analyst isn’t allowing others to wrestle away his position as the most bearish on the Street.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionCitigroup Inc.’s Pavan Daswani, who had the lowest price target ahead of last week’s share-price
( 31
min )
(Bloomberg) -- Chinese banks made a smaller-than-expected cut to their benchmark lending rate on Monday and avoided trimming the reference rate for mortgages, despite the central bank putting pressure on lenders to boost loans. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundAl
( 31
min )
(Bloomberg) -- Chinese stocks will settle in a lower trading range than previously expected until Beijing introduces more forceful policy responses to address the contagion risk from a property slump, according to Goldman Sachs Group Inc.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes
( 32
min )
Investing.com -- Shares in Napco Security Technologies Inc (NASDAQ:NSSC) shed over a third of their value in premarket U.S. trading Monday after the high-tech electronic security equipment manufacturer said it would revise its financial statements over the first three quarters of its 2023 fiscal year.
( 31
min )
(Bloomberg) -- Some of Country Garden Holdings Co.’s bondholders are demanding full repayment of a local bond due early next month, after the embattled Chinese property developer proposed a three-year extension for the yuan-denominated note.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadRolls-Royce Debuts Droptail Roadster, Priced at Over $
( 31
min )
Asian stocks were mixed Monday as traders looked ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation. Wall Street’s benchmark S&P 500 index edged down 0.1% on Friday to end the week lower ahead of the Jackson Hole, Wyoming, conference. Fed officials have used the event in previous year's to indicate changes in policy direction.
( 33
min )
The MSCI All Country World Index is down nearly 6% from its recent highs, though still up 10% for the year. One key worry for investors is a surge in bond yields that has come as signs of stronger-than-expected growth in parts of the global economy fuel bets on central banks leaving interest rates at current levels for longer than expected. Meanwhile, U.S. real yields, which show what investors can expect to earn on government bonds after adjusting for inflation, stand near their highest point since 2009.
( 33
min )
The Federal Reserve’s interest-rate hikes and recent bank failures mean lenders aren’t competing so fiercely for jumbo loans.
( 27
min )
(Bloomberg) -- The dollar inched lower versus most of its major counterparts while Asian equity futures pointed to a cautious open to trading. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundBruised Stocks Face Week Full of Tests, From Nvidia to PowellInvestors will be focused
( 32
min )
(Bloomberg) -- Some of China’s largest mutual fund houses have promised to buy their own equity-focused products, heeding calls from authorities to bolster the market as a selloff continues.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundE-Fund Management Co. and China Asset Ma
( 31
min )
Shares of many Chinese property developers fell as investor sentiment took a hit after the country’s central bank kept its mortgage rate unchanged, exacerbating concerns over problems in the country’s property sector.
( 25
min )
(Bloomberg) -- Three years of trade curbs have gutted Australia’s exports to China across a bunch of commodities, from luxury items like lobster to vital fuels like coal.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundBeijing imposed a variety of restrictions in 2020, from tari
( 34
min )
(Bloomberg) -- Investors betting on an extension of Baidu Inc.’s market-beating rally may be due for a reality check as concerns about the sluggish Chinese economy and setbacks from a key segment of its business deepen. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundAlas, Trum
( 33
min )
China cut its one-year benchmark lending rate on Monday, as expected, as authorities seek to ramp up efforts to stimulate credit demand, but surprised markets by keeping the five-year rate unchanged. The one-year loan prime rate (LPR) was lowered by 10 basis points to 3.45% from 3.55% previously, while the five-year LPR was left at 4.20%. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.
( 30
min )
Bitcoin edged up on Monday morning in Asia to trade above US$26,000, after sliding over 10% for the week. Ether also moved higher but remained below US$1,700.
( 33
min )
Yellow Trucking company filed for chapter 11 bankruptcy in early August and now companies are beginning to bid for the company's assets, which include 160 trucking terminals.
( 31
min )
Jordan Company could announce the deal as soon as this week, the report said, adding that no final decision has been made and that talks could still fall apart. Lone Star and Platinum Equity were the other bidders for the assets, Bloomberg News had reported earlier in the month. DuPont had earlier this month raised its 2023 sales forecast betting on demand picking up for its materials used to make a wide range of products including automotive components and semiconductors.
( 31
min )
(Bloomberg) -- Taiwan’s biggest financial conglomerate has cut back on its exposure to China as it braces for any deeper fallout from the property crisis in the world’s second-largest economy.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundFubon Financial Holding, which operate
( 33
min )
(Bloomberg) -- If they’d been offered today’s economy a year ago – with inflation downgraded from emergency to mere headache, still-low unemployment, and growth that’s slowed without stalling – the world’s top central bankers would’ve taken it like a shot.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk
( 33
min )
Life insurance can provide peace of mind, but only if you buy the right type of policy and amount of coverage. Here's how.
( 26
min )
The Darla Moore School of Business is the business school of the University of South Carolina.
( 19
min )
The S&P 500 posted a 0.7% gain to start the trading week on Monday, Aug. 21, 2023, boosted by strong performance from technology stocks.
( 16
min )
Permian Resources announced a $4.5 billion deal for rival driller Earthstone that it said will improve its position in the Delaware basin and accelerate shareholder returns.
( 17
min )
Find out some of the lower-risk ways to invest in foreign markets.
( 20
min )
It is possible for an insurer to cancel your policy after an accident but unlikely, unless you are a high-risk driver.
( 20
min )
Block Height indicates the overall length of a blockchain.
( 19
min )
A growing number of business economists believe the U.S. economy can avoid a long-predicted recession.
( 18
min )
Shares of COVID-19 vaccine makers including Moderna and Novavax surged on Monday after a report that the Biden administration plans to urge Americans to get booster shots for the fall, as new subvariants emerge and cases rise.
( 17
min )
You could suspend your mortgage payments for up to 360 days under federal law if your income was affected by COVID-19. There's still some help available.
( 28
min )
Today's best CD rates are 5.75% APY from MapleMark Bank for 1 year, 5.65% APY from Dow Credit Union for 3 months, and 5.56% APY from TotalDirectBank.
( 19
min )
The lowest annual salary workers are willing to accept on average is the highest it's ever been.
( 17
min )
Today’s soaring home prices and mortgage rates mean the typical household falls short of the income needed to buy the median-priced home by more than $20,000 a year.
( 17
min )
Shares of Palo Alto Networks rallied after the company beat expectations for earnings on strong demand for the firm's cybersecurity services.
( 17
min )
Important aspects of a capitalist system include private property, private control of the factors of production, accumulation of capital, and competition.
( 25
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The term "brick-and-mortar" refers to a traditional business that offers its products and services to its customers in an office or store, as opposed to an online-only business.
( 23
min )
Dan Ives, Senior Equity Analyst for Wedbush Securities and one of the industry's top analysts, takes stake of the recent selloff in tech stocks, and paints a picture of the AI future for companies including Apple, Tesla, Palantir and GM.
( 19
min )
A grandfather clause is an exemption that allows people or entities to continue with activities that were approved before the implementation of new rules or laws.
( 22
min )
Discover how online retailers can list certain expenses as a cost of goods sold (COGS) and even claim a tax deduction for them.
( 22
min )
A press release is a newsworthy or informational article usually issued by a firm’s public relations department.
( 22
min )
Purchasing power parity (PPP) compares economic growth and standards of living in different countries with a common currency/basket of goods approach.
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min )
Understand the meaning of capital expenditures (CapEx) and find out the implications for companies resulting from relevant tax laws.
( 22
min )
"Mom-and-pop" is a colloquial term used to describe a small, family-owned or independent business. These types of operations often struggle to compete with more substantial establishments.
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min )
The Small Business Administration (SBA) is a U.S. government agency established to promote and strengthen the overall economy by assisting small businesses.
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min )
The IRS has extended various tax deadlines for residents of Maui and Hawaii Counties, which were ravaged by wildfires last week.
( 18
min )
U.S. equity markets were mixed in midday trading on Monday, Aug. 21, 2023 as tech stocks surged and Treasury yields rose.
( 16
min )
Depending on how it's measured, the unemployment rate is open to interpretation. Learn how to find the real rate and how it affects everyone.
( 27
min )
Shares in Napco lost 40% of their value after the company said its first three quarters would be restated after errors.
( 17
min )
Proof of Capacity is a consensus mechanism that uses a mining node’s hard drive space to decide the mining rights on the blockchain network.
( 20
min )
Materials manufacturer DuPont de Nemours Inc. (DD) has agreed to sell its 80.1% controlling stake in Delrin to private equity firm The Jordan Company in a deal valued at $1.8 billion.
( 17
min )
The U.K.'s Competition and Markets Authority gave the green light for Broadcom's $69 billion purchase of VMware.
( 17
min )
The companies may need regulatory approvals before making the purchase official
( 16
min )
A web version of Threads, Meta Platforms' chat-based social media app linked to Instagram, could launch as soon as this week, as executives aim to boost user engagement and signups.
( 17
min )
A hashed timelock contract (HTLC) is a smart contract used in cryptocurrencies to configure time-bound contracts.
( 21
min )
The public largely believes the Federal Reserve is responsible for how much inflation has cooled down over the past years—and that could be music to the ears of policymakers.
( 18
min )
An incentive stock option (ISO) is an employee benefit that gives the right to buy stock at a discount with a tax break on any potential profit.
( 22
min )
A line chart connects a series of data points with a line and is used by traders to monitor closing prices.
( 22
min )
A Renewable Energy Certificate is proof of the production of one megawatt-hour (MWh) of electricity generated from a renewable energy resource.
( 19
min )
Operating income and EBITDA are both important numbers when analyzing a company's earnings. However, they are different measures of profitability.
( 20
min )
Embezzlement is a form of fraud wherein a person or entity intentionally misappropriates assets for personal use.
( 24
min )
So you want to be a venture capitalist? Learn what it takes, where to start, and what kind of attitude you will need to take on the world of venture capitalism.
( 26
min )
Cost of goods sold and cost of sales both represent direct costs involved in production. However, some companies use one term rather than the other.
( 18
min )
Guaranteed life insurance doesn't require a medical exam or other health information, but it's more expensive than other kinds of insurance.
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De prijs van een koophuis was in juli gemiddeld 0,5 procent hoger dan een maand eerder. Ook in juni was al sprake van een kleine stijging. De maanden daarvoor zakten de huizenprijzen juist iets. Dat blijkt uit cijfers van statistiekbureau CBS en het Kadaster.
( 4
min )
De iconische uitspraken "It's-a me, Mario" en "Mamma mia" in Super Mario zullen binnenkort wellicht anders klinken. De stem achter Mario, Charles Martinet, houdt er namelijk mee op.
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Wie zijn fatbike wil verzekeren, kan vanaf volgende maand niet meer bij de ANWB terecht. De bond stopt op 6 september voorlopig met het aanbieden van verzekeringen, omdat de elektrische fietsen met dikke banden aan de lopende band worden gestolen.
( 3
min )
Wie naar een woning een paar straten verderop verhuist, kan zomaar honderden euro's extra kwijt zijn aan een autoverzekering. Dat blijkt uit onderzoek van vergelijkingssite Geld.nl.
( 3
min )
Beleggers willen nog steeds van hun Adyen-aandelen af. Op de Amsterdamse beurs zakte de koers maandagochtend zo'n 5,5 procent, nadat Adyen donderdag en vrijdag ook al flink minder waard was geworden.
( 3
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De prijs voor aardgas is maandagochtend hard opgelopen. Handelaren moesten op een bepaald moment zelfs 18 procent meer betalen voor een megawattuur. Oorzaak hiervan zijn mogelijke stakingen bij productielocaties in Australië.
( 3
min )
Vattenfall verlaagt per 1 oktober de energietarieven voor een deel van zijn klanten. Dit komt doordat het bedrijf zijn stroom en gas zelf goedkoper kan inkopen. Huishoudens gaan er volgens de leverancier gemiddeld zo'n 95 euro per jaar op vooruit.
( 4
min )
De Chinese centrale bank heeft voor de derde keer in drie maanden de rente verlaagd. Peking hoopt dat Chinezen daardoor hun geld weer laten rollen en ook dat bedrijven meer gaan investeren. Dit moet de zwakke economie op de rails krijgen.
( 3
min )
Het communicatienetwerk C2000 van de politie kampt met zoveel problemen, dat er vroeg of laat slachtoffers gaan vallen. Daarvoor waarschuwt een klokkenluider. Politieagenten op straat kunnen in crisissituaties niet op het netwerk vertrouwen.
( 12
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Het communicatienetwerk C2000 van de politie kampt met zoveel problemen, dat er vroeg of laat slachtoffers gaan vallen. Daarvoor waarschuwt een klokkenluider. Politieagenten op straat kunnen in crisissituaties niet op het netwerk vertrouwen.
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min )
Het communicatienetwerk C2000 van de politie kampt met zoveel problemen, dat er vroeg of laat slachtoffers gaan vallen. Daarvoor waarschuwt een klokkenluider. Politieagenten op straat kunnen in crisissituaties niet op het netwerk vertrouwen.
( 11
min )
SR-22 'insurance' is a certificate your state may require if your driver's license has been suspended or revoked and you want to get it reinstated.
( 22
min )
Learn about economies of scope and economies of scale, the differences between them, and how they offer cost advantages to companies.
( 24
min )
Corporate bonds can provide compelling returns even in low-yield times. But they are not without risks.
( 21
min )
Some economists theorize that the crowding-out effect negates the multiplier effect induced by government stimulus spending. Learn more about how this happens.
( 21
min )
LIBOR is a crucial benchmark reference rate with global economic impact.
( 21
min )
Liberalization of countries in emerging markets provides new opportunities for investors to increase their diversification and profit.
( 21
min )
Learn about the origins of the law of supply and demand, an important economic principle that's centuries old but still affects today's economy.
( 22
min )
Public infrastructure spending is a popular policy tool intended to boost the economy, but it may only be effective in certain circumstances. Learn when it works.
( 27
min )
From unemployment and inflation to government policy, learn what macroeconomics measures and how it affects everyone.
( 26
min )
In finance, the acronym "FANG" refers to the stocks of four technology companies: Facebook (META), Amazon (AMZN), Netflix (NFLX), and Google (GOOG).
( 22
min )
The American Land Title Association is a trade association representing the title insurance industry, seeking to improve industry oversight.
( 19
min )
Collision insurance is auto coverage that reimburses the insured for damage sustained to their personal automobile, due to the fault of the insured driver.
( 17
min )
A media kit is a package of information a company assembles to provide reporters or other interested parties with basic information about itself.
( 21
min )
Darknet markets, or cryptomarkets, are sites on the dark web offering illicit goods that can be purchased anonymously.
( 19
min )
Here are the differences between two of the largest mutual fund families, American Funds and The Vanguard Group, and how their returns match up.
( 23
min )
An irrevocable beneficiary has guaranteed rights to assets in an insurance policy or a segregated fund.
( 23
min )
Find out which developed-market ETFs manage the greatest asset base, and why major U.S. equity-only funds are not included in the calculation.
( 19
min )
On the Nasdaq, the delisting process is set in motion when a company trades for 30 consecutive business days below the minimum bid price or market cap.
( 25
min )
Credit cards are a source of stress as balances creep up for nearly three in four (73%) consumers.
( 18
min )
The recent rising prices of online streaming entertainment services may render them equal to–or less affordable than–traditional cable or satellite packages.
( 18
min )
Beyoncé's Renaissance World Tour could make Beyoncé the highest-grossing female artist of all time. Here is how she makes her millions.
( 21
min )
Yearly renewable term plan of reinsurance transfers mortality risk from an insurer to a reinsurer through a process of cession.
( 20
min )
Negative cash flow from investing activities could be a warning sign or a sign of future growth. Here's how to tell which it is.
( 22
min )
Homeowners have many options when it comes to insurance and it's best to obtain multiple quotes on homeowners insurance before securing a new policy.
( 21
min )
Sovereign default is the failure of a government to repay its country's debts. Foreign lenders have little chance of recouping their money when a nation defaults.
( 27
min )
Sometimes identifying the best stocks to buy can be difficult, but you could do a lot worse than checking out the stocks selected by one of the world’s savviest hedge fund managers – Warren Buffett. Buffett’s stock picks are a popular source of inspiration for investors, and for good reason. His formidable stock-picking ability has given him the nickname ‘the Oracle of Omaha’ and a fortune of ~$117 billion, making him one of the richest people in the world. His firm, Berkshire Hathaway, is also
( 35
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The People's Bank of China is expected to cut interest rates on Monday, but it may have to throw caution to the wind and 'go big' if it is to soothe the nervousness and concern around China currently sweeping through financial markets. The Chinese central bank's policy decision is one of three in Asia for investors to take in this week, with the Bank of Korea and Bank Indonesia both expected to keep interest rates on hold on Thursday.
( 31
min )
Affordability was a topic of conversation even before the pandemic, but buying a house back then looks downright pleasant in hindsight.
( 27
min )
(Bloomberg) -- For years, cryptocurrency startups have tried to replicate parts of the US stock market on the blockchain for use by digital-asset investors around the world, often without worrying too much about getting approval from regulators first. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadRolls-Royce Debuts Droptail Roadster, Price
( 32
min )
Separating the financial haves from the have-nots is often more about getting these basics right, according to a McKinsey & Co. report.
( 32
min )
The Federal Reserve's Jackson Hole Economic Policy Symposium begins on Thursday. Plus, earnings from Lowe's, Nvidia, Dollar Tree, Intuit, and Ulta Beauty.
( 27
min )
Buying has become more expensive than renting for the first time in 13 years for would-be homeowners.
( 31
min )
(Bloomberg) -- Convinced a recession in the US was near, some of the world’s most prominent money managers loaded up on government bonds this year in a bold bet that would atone for the punishing losses suffered in 2022. Most Read from BloombergChina Urges More Loans, Debt Risk Reduction as Woes CompoundRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionRussia’s Luna-25 Lander Fails to Enter Pre-Landing Orbit of MoonUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksA
( 34
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Here are the differences between two of the largest mutual fund families, American Funds and The Vanguard Group, and how their returns match up.
( 23
min )
A judge has ordered Starbucks to pay an additional $2.7 million to a former regional manager earlier awarded more than $25 million after she alleged she that and other white employees were unfairly punished after the high-profile arrests of two Black men at a Philadelphia location in 2018. In June, Shannon Phillips won $600,000 in compensatory damages and $25 million in punitive damages after a jury in New Jersey found that race was a determinative factor in Phillips’ firing, in violation of federal and state anti-discrimination laws. The Philadelphia Inquirer reports that U.S. District Judge Joel Slomsky on Wednesday also ordered Starbucks to pay Phillips another $2.73 million in lost compensation and tax damages, according to court documents.
( 32
min )
Old Dominion Freight Line’s proposal outbids rival Estes Express, stepping up the competition for a network of 169 terminals.
( 27
min )
We are a dual-income couple in our mid-50s with over $2 million in our 401(k)s. Should we "sacrifice" the pre-tax benefit and switch to Roth contributions at work? -Wendy Like most tax-related questions, the answer is "it depends." Based on … Continue reading → The post Ask an Advisor: We're in Our Mid-50s and Have $2 Million in Our 401(k)s. Should We Pivot to Roth Contributions? appeared first on SmartAsset Blog.
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Conventional wisdom dictates that a US recession is imminent, either during the second half of this year or the first half of the next. But just how much should we credit that? While there are economic headwinds in play, we should also remember that the pace of inflation is easing, unemployment remains low, and the second quarter earnings season showed a high proportion of surprises to the upside. If it’s not a completely rosy picture, it’s far from doom and gloom. And in the eyes of Goldman Sac
( 35
min )
Chris Miller shares how he saved enough money to retire early and his best advice for those looking to do the same.
( 33
min )
(Bloomberg) -- Equity traders reeling from the market’s worst stretch since February face some pivotal events in the days ahead, and a closely watched speech by Federal Reserve Chair Jerome Powell may not even be the biggest test of all.Most Read from BloombergRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksRussia’s Luna-25 Lander Fails to Enter Pre-Landing
( 33
min )
“If I wanted to work long hours, I’d be at a startup,” the twenty-something says.
( 35
min )
Generation Investment, chaired by former Vice President Al Gore, bought Applied Materials stock, and sold Salesforce, Mastercard, and Schwab stock in the second quarter.
( 27
min )
The chip maker’s rosy forecast lifted markets in a turbulent time—but the bar to dazzle investors is higher now.
( 27
min )
Energy stocks are up big recently. In July alone, the Energy Select Sector SPDR Fund (XLE) gained 7.8%.
( 32
min )
Adobe, Inc. (ADBE) shares have jumped 51% in 2023. This uptrend is being powered by mega appetite for the stock.
( 31
min )
California regulators have made investing in solar power less attractive. But if you're the typical energy user, it still makes long-term financial sense to do so.
( 41
min )
Higher productivity and increased deficits could raise the ‘neutral’ rate of interest, limiting Fed cuts.
( 26
min )
Bond investors say the summer selloff in U.S. Treasury debt is providing the best buying opportunity in years.
( 34
min )
‘Big Short’ hero Michael Burry sees disaster and—eventually—he’ll get it right again.
( 25
min )
Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: VinFast makes a splash in its market debut; Tesla cuts prices in China; and Mullen continues to fight delisting.
( 33
min )
Affordability was a topic of conversation even before the pandemic, but buying a house back then looks downright pleasant in hindsight.
( 27
min )
The latest reading, 5.8%, set off alarm bells in some quarters. But the model estimate is likely to be revised sharply lower as new data are reported.
( 26
min )
Mitra Chem has landed a heavy hitting partner as it tries to get its tech in more electric vehicles.
( 13
min )
The opening will test a new format that the Swedish furniture company is rolling out globally—a pared-back store aimed at casual shoppers and office workers.
( 22
min )
(Bloomberg) -- At any other time in history, the current state of the global diesel market would have sent some countries into a panic. Most Read from BloombergUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkBiden’s Top Lawyer to Depart White House as Probes Ramp UpBiden Wants to Sell His Economic Plan to Voters. He Faces One Big ProblemBama Rush Has Students Showcasing $20,000 Outfits on TikTokAll over the world, pric
( 33
min )
Dynasty trusts can shield wealth before the Trump tax cuts expire.
( 21
min )
As companies are shifting their sourcing and logistics networks, it is changing the way transportation providers will have to manage their own businesses. The post Border town boom is realigning the freight market appeared first on FreightWaves.
( 32
min )
Bedrijven in de industrie kregen in het tweede kwartaal een stevige omzetdaling voor de kiezen. De inkomsten daalden gemiddeld met 7,5 procent, de grootste daling sinds coronajaar 2020. Dat meldt statistiekbureau CBS.
( 3
min )
Britse politieagenten kunnen voortaan tijdens het werk een gratis kop koffie halen bij winkelketens John Lewis en Waitrose. Zo hopen de ketens politie richting winkels te lokken en winkeldieven af te schrikken. De agenten moeten wel herbruikbare bekers meenemen.
( 3
min )
De mobiele app van supermarktketen Albert Heijn werkt weer. Eerder op zondag hadden appgebruikers last van een storing, waardoor de Bonuskaart niet goed functioneerde. Die storing is inmiddels voorbij.
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min )
Klanten van Albert Heijn kunnen last hebben van een technische storing in de mobiele app van de supermarktketen. Een aantal functies werkt daardoor niet, zegt een woordvoerder van Albert Heijn.
( 3
min )
De Italiaanse nationale spoorwegmaatschappij FS wil de concurrentiestrijd aangaan op het Europese spoor. Het spoorbedrijf wil ook trajecten uitzetten richting Amsterdam.
( 3
min )
De persoonsgegevens van bijna 76.000 medewerkers van de elektrische autofabrikant Tesla zijn gelekt naar de Duitse zakenkrant Handelsblatt.
( 3
min )
Corporate reimbursement coverage protects a company against losses resulting from legal action against its directors and officers.
( 19
min )
Cryptographic hash functions combine message-passing capabilities with security properties. It is used in many applications, from database security to cryptocurrency.
( 21
min )
Bank-owned life insurance (BOLI) is bought by banks as a tax shelter, leveraging tax-free savings provisions to fund employee benefits.
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min )
A surplus share treaty is reinsurance in which the ceding insurer retains a fixed amount of liability and the reinsurer takes the remaining liability.
( 19
min )
Here's a look at some of the positive and negative aspects of national lotteries.
( 25
min )
The student loan system is in desperate need of reform as graduates struggle to find work and pay off their student loans. Learn about changes that can help.
( 24
min )
Learn about the elements of the capital asset pricing model, and discover how to calculate a company's cost of equity financing with this formula.
( 21
min )
Lenders charge borrowers a commitment fee as compensation for keeping a line of credit open or to guarantee a loan at a specific date in the future.
( 20
min )
Traders rejoice when the Fed drops the rate, but is it good news for all? Find out here.
( 24
min )
A bank reconciliation statement summarizes banking activity, allowing individuals and companies to compare their own records with the bank’s records.
( 26
min )
This rate is rarely questioned—unless the economy falls into disarray.
( 22
min )
Some businesses are slowing capital expenditures and pulling back on taking out credit as a result of the Federal Reserve's cycle of rate hikes—showing all may be going according to policymakers' plans to slow inflation.
( 17
min )
The real GDP number is adjusted to remove the effects of inflation, so it is a more accurate gauge of the nation's real output of goods and services.
( 24
min )
Learn more about passive, quasi-passive, immunization, and active bond strategies and how you can put them to work for your portfolio.
( 24
min )
Find out how price inelasticity of demand shows the relationship between demand and price when the price of an inelastic good is either lowered or raised.
( 23
min )
China has long had an outsized impact on global growth - but with its economy sputtering, its problems could become everyone else's problems.
( 33
min )
(Bloomberg) -- The highest long-term Treasury yields in years are headed for a major hearing next week as investors place their bids for two risky auctions — right before the Federal Reserve’s potentially game-changing annual gathering at Jackson Hole.Most Read from BloombergUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkBiden’s Top Lawyer to Depart White House as Probes Ramp UpCohn and Summers Talk Trump, China and M
( 32
min )
One of the most challenging parts of investing is deciding what to do when the companies you own are doing well but the share prices reflect a different scenario. Wall Street is often forward looking, so it's quick to react to news that will affect companies six or more months down the road. This has been evident the last few days for real estate investment trusts (REITs), as the Federal Reserve continues to talk tough on inflation and traders wonder what the effects will be on commercial proper
( 35
min )
Cuban balked at Uber’s cofounder valuing the startup at $10 million.
( 32
min )
Lawsuit accuses website of deception as it allows travelers to book typically cheaper connecting flight and get off after first leg
( 31
min )
A court filing shows that Old Dominion swooped in at the last minute, entering a base bid of $1.5 billion for now-defunct Yellow’s terminals. The post Old Dominion ups ante with $1.5B bid on Yellow’s terminals appeared first on FreightWaves.
( 31
min )
Here is your Pro Recap of 5 head-turning deal dispatches you may have missed last week: ArcelorMittal considers acquiring US Steel, Intel and Tower Semiconductor terminate the acquisition, Arena Group announces strategic expansion with Bridge Media Networks, and merger deals at Energy Transfer and Crestwood Equity, and Ball’s aerospace business and BAE Systems. InvestingPro subscribers got this news first.
( 33
min )
Short-term Treasury bills, which yield more than 5.4%, still look like an investor’s better income bet.
( 27
min )
With the company’s market value having plunged nearly $300 billion since its July 2021 peak, CEO Dan Schulman is relinquishing the reins after nine years.
( 29
min )
We gained additional income and didn't withhold enough on our Form W-4. We are currently not putting money into a retirement account but have access to a 401(k) through our employer. Would we be able to correct our withholding deficit … Continue reading → The post Ask An Advisor: What Midyear Moves Will Cut Our Tax Bill? appeared first on SmartAsset Blog.
( 33
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As a financial advisor, you may dedicate a lot of your time to helping clients create a workable retirement plan. However, it's also important to consider what your personal exit strategy might look like once you're ready to retire. Succession … Continue reading → The post Succession Planning Tips for Financial Advisors appeared first on SmartAsset Blog.
( 34
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Entrepreneur Roberto Colaninno, chairman and CEO of scooter maker Piaggio and one of Italy's best-known dealmakers, has died, his investment company IMMSI said on Saturday. Colaninno was a central figure in the country's industrial landscape who managed to turn around a number of failing companies, but also left a mixed corporate legacy. He is most famous for his surprise $58 billion leveraged buyout of Telecom Italia in 1999, at the time the world's largest hostile takeover.
( 32
min )
In the past two years, those receiving Social Security have seen large cost-of-living adjustments that can help. Many wonder what's next in 2024?
( 35
min )
Yields are close to their highest level in years. Investors can bolster portfolios with bonds with the potential for both high income and capital gains.
( 26
min )
For the first time in years, investors are earning robust returns on cash.
( 27
min )
The Danish self-starter convinced her McKinsey colleagues to toss in the towel on their consultancy careers and launch a business together in 2007. Now she’s the CEO of the fastest-growing sustainable food app.
( 34
min )
(Bloomberg) -- At the start, the job looked like a well-paid role in finance. It ended with a $10,000-a-month drug habit and a cell in a German prison.Most Read from BloombergVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkBitcoin Calm Shatters With Sudden Tumble, Mass LiquidationsJeremy Grantham Says Fed Is Kidding Itself on Avoiding a RecessionBig Tech Logs Year’s Longest Weekly Losing Streak: Markets WrapThat’s the sto
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Learn more about passive, quasi-passive, immunization, and active bond strategies and how you can put them to work for your portfolio.
( 24
min )
The S&P 500 and Nasdaq Composite both notched their third consecutive week of declines.
( 31
min )
Millions of shoppers agree: It’s OK to eat supermarket sushi. At U.S. retailers, sales are up over 70% in the past year.
( 21
min )
James Bouchard grew up around steel and deal making; ‘We have the cash,’ he says of his $7.8 billion surprise bid.
( 29
min )
(Bloomberg) -- From the financial crisis to Russia’s invasion of Ukraine, Britain has borrowed and spent its way out of every jam. The bill for that is becoming a worry all its own. Most Read from BloombergUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksMercedes-Benz Unveils the New Generation of Its Brawny AMG GT Sports CarRussia’s Luna-25 Lander Fails to Enter Pre-Landing Orbit of MoonVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkRolls-Royce Debuts Droptail Road
( 34
min )
The Arizona layoffs at CVS come after the health giant announced plans to cut 5,000 corporate jobs across the company. #phoenix $CVS
( 11
min )
Nederland huisvest een van de grootste internetknooppunten ter wereld en is een draaischijf in de digitale wereldeconomie. We zijn daardoor een goede vestigingslocatie voor internetbedrijven met hun datacenters. Die koppositie kost veel energie, maar volgens de datacenters is dat gelukkig meestal groene.
( 4
min )
Het Russische besluit om weg te lopen bij onderhandelingen over de graandeal raakt de Oekraïense economie. In de eerste maand na het klappen van de deal exporteerde het land een derde minder graan.
( 4
min )
Het is binnenkort niet meer mogelijk om accounts te blokkeren op het socialemediaplatform X (voorheen Twitter). Het zou nog wel mogelijk zijn om privéberichtjes tegen te houden.
( 4
min )
Al wekenlang is het onrustig rondom koopjesketen Big Bazar. Rekeningen worden niet betaald, winkels gaan dicht en verhuurders stappen naar de rechter. Wat is er aan de hand met de discounter?
( 4
min )
Komend studiejaar keert de basisbeurs weer terug, maar een vetpot is het niet. Studenten balen ervan dat de basisbeurs nog lager is dan die van voor het leenstelsel. Maar volgens deskundigen is het helemaal niet de bedoeling dat een studiebeurs alle kosten van studenten dekt.
( 7
min )
Learn what current liabilities are, and find out how to calculate total current liabilities in Microsoft Excel.
( 17
min )
Coming up next week: retail earnings, updates on home sales, and the Jackson Hole Economic Symposium.
( 19
min )
Credit cards can be one of the major influences on your credit score, and how you use them can either help your score or hurt it. Here is what you need to know.
( 23
min )
Find out how involuntary unemployment credit card insurance (IUCC) can cover your minimum payments if you're laid off and whether it is worth the cost.
( 23
min )
Learn what this phrase means and how to spot it in a company's financial statements.
( 20
min )
Today's CDs allow you to lock in a record rate—up to 5.75%—for months or years down the road when savings account rates inevitably drop. Is now a good time for a CD?
( 18
min )
Proof of elapsed time (PoET) consensus algorithm follows a true lottery system and allows for more efficient use of the blockchain network's resources.
( 22
min )
Non-qualified deferred compensation plans can allow top-earning employees to delay taxes on their earnings, using life insurance for funding. Here's how this strategy works.
( 21
min )
Today's best CD rates are 5.75% APY from MapleMark Bank for 1 year, 5.65% APY from Dow Credit Union for 3 months, and 5.56% APY from TotalDirectBank.
( 19
min )
The S&P 500 ticked down just 0.01% and was little changed on Friday, Aug. 18, 2023, closing out a week of losses after mixed reactions to the latest earnings reports.
( 16
min )
A revoked IRA is a retirement savings account that is canceled by the account holder seven days or less after it was established.
( 23
min )
Bitcoin Pizza Day: the day Laszlo Hanyecz bought two pizzas for 10,000 Bitcoins.
( 17
min )
A franchisee is a small business owner who purchases the right to use an existing business's trademarks, brands, and proprietary knowledge.
( 22
min )
Life insurance carriers offer two main benefits to insured individuals when a transfer of risk occurs: death benefit proceeds and cash value savings.
( 20
min )
A Merkle root contains information about every single transaction hash that ever was on a particular block in a blockchain.
( 19
min )
Off-chain transactions occur outside of the blockchain network and provide a low-cost, instant transaction medium for the cryptocurrency.
( 18
min )
Here are step-by-step instructions for filing a reimbursement claim for insurance on your pet.
( 22
min )
Admitted insurance is purchased from an insurance company that has been formally admitted or licensed to operate by the state insurance agency.
( 18
min )
Cryptocurrency regulation is still spotty or nonexistent but there are some potential pitfalls that investors should watch out for.
( 23
min )
In aggregate stop-loss reinsurance, losses over a specified amount during the contract period are covered by the reinsurer and not by the insurer.
( 18
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With the plethora of digital currency exchanges, how can an investor choose the right one? Take the steps to find the best exchange for your crypto needs.
( 24
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Concurrent causation is a legal doctrine related to losses from more than one cause, and when one has coverage and the other does not.
( 19
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Maintenance expenses are costs incurred to keep an item in good condition. Apartments, homes, and condominiums have expenses, but who pays them?
( 19
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Ross, TJX, and other off-price retailers have benefited from strong inventories of premium products and discounted prices.
( 19
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U.S. equities were mixed at midday on Friday, Aug. 18, 2023, amid concerns about China’s property market after Chinese real estate giant Evergrande filed for Chapter 15 bankruptcy protection.
( 16
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Chip tool maker Applied Materials reported sales that beat forecasts and raised its guidance on demand for AI chips.
( 17
min )
Litecoin (LTC) is a cryptocurrency that shares features with Bitcoin but runs a different mining algorithm. It also has a higher coin supply and lower transaction costs.
( 24
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In recent earnings calls, some leaders said they expected a recession, while others said the economy was still resilient.
( 20
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Chinese automaker Xpeng saw its shares slide after a record quarterly loss, driven by increased competition and margin deterioration.
( 17
min )
Rates on 30-year mortgages climbed to again hit their highest level since 2002. Rates were up on almost every loan type, including a new record for the jumbo 30-year average.
( 22
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 20-year mortgage rates, all collected here.
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The right mortgage can make your dream of owning a home a reality. We researched and collected the best 15-year loan offers.
( 27
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 10-year mortgage rates, all collected here.
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best jumbo mortgage rates, all collected here.
( 30
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The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 30-year mortgage rates, all collected here.
( 18
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Compare mortgage refinance rates across 18 different products, from 30-Year Fixed to 5/6 ARMs and everything in between.
( 18
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While entertaining multiple offers for financing, bankrupt trucking company Yellow has accepted Estes Express's $1.3 billion stalking horse bid for its shipment centers.
( 18
min )
Fueling fears of a deepening property crisis in China, Evergrande filed for Chapter 15 bankruptcy protection to manage its debt under its massive restructuring process.
( 18
min )
MiFID II is a European Union packet of financial industry reform legislation, instituted to regulate financial markets that replace MiFID.
( 21
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An Anderson Economic Group report shows that a 10-day United Auto Workers strike could hit the economy harder than past strikes due to lower inventory levels.
( 19
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A board of directors (BofD) is the governing body of a company that is elected by shareholders to provide guidance, set strategy, and oversee management.
( 26
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A treasury bond is a marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years and which pays periodic interest payments.
( 25
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Everything you need to know about homeowners insurance, from what it covers to how rates are determined.
( 30
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Financial exposure is the amount that an investor can potentially lose in an investment and is an alternate name for financial risk.
( 21
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Trading commodities can seem challenging to a novice trader. We break down how to invest in them.
( 26
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An excess judgment loss is the additional amount that an insurer must pay above the policy limit.
( 19
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Bazooka Candy Brands, maker of the popular bubblegum, has been sold for $700 million to a private equity firm.
( 30
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Around $400 billion of debt assets are considered to be in "pre-distress," while $150 billion are "deeply distressed," Bank of America said.
( 33
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With the yield on the 10-year U.S. Treasury note hitting 4.25%, stocks have competition from bonds in a way they haven’t for a decade and a half.
( 40
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If retail inflation gets stuck around 3%, as seems increasingly likely, interest rates will continue to rise. That’s bad news for investors.
( 27
min )
Following the market’s opinion about fashionable footwear leads a longtime New Balance wearer to Swiss sneaker maker On Holding.
( 27
min )
(Bloomberg) -- Cybersecurity firm Palo Alto Networks Inc. surged after projecting stronger billings for the year than Wall Street anticipated, easing fears that a slowdown in demand may weigh on results. Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkBitcoin Calm Shatters With Sudden Tumble, Mass Liquidations‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateBig Tech Logs Year’s Longes
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Today's CDs allow you to lock in a record rate—up to 5.75%—for months or years down the road when savings account rates inevitably drop. Is now a good time for a CD?
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Today's best CD rates are 5.75% APY from MapleMark Bank for 1 year, 5.65% APY from Dow Credit Union for 3 months, and 5.56% APY from TotalDirectBank.
( 21
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Here are some of the major companies whose stocks moved on the week’s news.
( 26
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Moderna and BioNTech are no longer minting money from Covid vaccines. But both have strong drug pipelines and plenty of cash.
( 26
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The company's profit guidance for the quarter and fiscal 2024 topped analyst forecasts. The revenue outlook came in light.
( 26
min )
The owner of Peet’s Coffee is renaming a major brand, rejiggering supply chains and hitting back at those who say it should exit the country.
( 26
min )
Utilities are supposed to be a staid investment.
( 27
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(Bloomberg) -- Sacks Parente Golf Inc. ended its first week of trading lower, just days after notching the best debut of an initial public offering on a US stock exchange this year.Most Read from BloombergVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkGlobal Stock Managers on Guard as China Pain Set to SpreadChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkBitcoin Calm Shatters With Sudden Tumble, Mass LiquidationsJeremy Grantham Says Fed Is Kidding Itself on Avoiding
( 32
min )
(Bloomberg) -- Hawaiian Electric Industries Inc. shares notch the worst weekly drop in at least four decades on concern it may be responsible for the fires that ravaged the island of Maui, with Wells Fargo’s analyst warning the possible liabilities could be large enough to wipe out the value of its utility arm. Most Read from BloombergVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkBitcoin Calm Shatters With Sudden Tumble
( 32
min )
(Bloomberg) -- Volatility in the world’s biggest bond market has finally caught the attention of investors on Wall Street who’ve been plunging into stocks all year. Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkBitcoin Calm Shatters With Sudden Tumble, Mass LiquidationsJeremy Grantham Says Fed Is Kidding Itself on Avoiding a Recession‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to Proliferate
( 34
min )
Cleveland-Cliffs Inc. rocked the steel and investing worlds on Sunday with its nearly $8 billion offer to acquire United States Steel Corp.
( 11
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“We have no choice, we have to sell. As a matter of fact, I just put my house on the market 10 minutes ago,” one resident told NBC6.
( 31
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“It's almost guaranteed to be wrong," the GMO co-founder told Bloomberg of the Fed's soft landing forecast Thursday. "They have never called a recession."
( 32
min )
(Bloomberg) -- The expanding supply of Treasury debt, while driving yields to the highest levels of the year, is also aggravating a shortage of five-year notes in advance of the next auction. Most Read from BloombergVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkGlobal Stock Managers on Guard as China Pain Set to SpreadChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkBitcoin Calm Shatters With Sudden Tumble, Mass LiquidationsJeremy Grantham Says Fed Is Kidding Itself o
( 31
min )
Investors should take note any time a money manager with more than $7 trillion in assets does something new.
( 27
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American oil producers have fewer rigs actively drilling than at any point since the first days of the Ukraine war, suggesting they are pessimistic about prices.
U.S. drillers had 520 rigs up and running this
( 22
min )
The team includes top-ranked advisor Leslie Lauer.
( 26
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For decades, the U.S. dollar has held the esteemed position as the world's primary reserve currency. But according to Lynette Zang, chief market analyst for ITM Trading, this longstanding dominance is on shaky ground. "The days of the dollar being the world reserve currency are fast coming to a close," she said in a recent interview with Stansberry Research. Zang explained that the shift began back in 2002 when the Federal Reserve "first had to buy" U.S. debt. This act suggested that the world w
( 32
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It must have sounded like a good idea at the time, but Anheuser-Busch’s (NYSE:BUD) decision to run a promotional campaign for its Bud Light beer with the help of transgender ‘influencer’ Dylan Mulvaney backfired spectacularly. Conservative America did not like that idea at all, and decided to boycott the drink, thereby no longer making it the US’s best-selling beer. As sales plummeted in the wake of the controversy, BUD shares went into a tailspin, falling by 20% in May with the company also lay
( 32
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US Treasury prices have tanked in 2023, with investors fretting about the Federal Reserve's interest-rate hikes.
( 30
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Wall Street is betting that the proration will be about 30%, meaning that participating J&J holders will get 30% of their stock converted into Kenvue.
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“About a third of homebuilders in Florida are saying that buyers’ concerns about insurance availability and costs are somewhat slowing sales.”
( 33
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"The financial impact associated with the partial termination of the Blue Shield of California contract is not expected to have an impact to our previously issued 2023 guidance and is expected to have an immaterial impact on our longer-term outlook," CVS said
( 9
min )
Broadcom and Marvell Technology will win big time from custom chip design, according to analyst Harlan Sur.
( 34
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(Bloomberg) -- Citigroup Inc. has bought about $160 million of Russian aluminum from the London Metal Exchange, something many banks have refused to touch since the invasion of Ukraine.Most Read from BloombergUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkBiden’s Top Lawyer to Depart White House as Probes Ramp UpBiden Wants to Sell His Economic Plan to Voters. He Faces One Big ProblemCohn and Summers Talk Trump, China
( 32
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The devil is in the details. Investors shouldn't forget about some rights the United Steelworkers union has at United States Steel.
( 26
min )
The latest Apple iPhone models are expected to include relatively modest upgrades, but bulls still expect strong demand.
( 26
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Wedbush analyst Matt Bryson said he expects the chipmaker to to beat expectations and offer a “robust forward outlook,” when it reports Wednesday.
( 26
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If you qualify to participate in a non-qualified deferred compensation (NQDC) plan, you may want to pay attention closely. These accounts can offer high-earners who have maxed out their traditional retirement savings options an appealing opportunity to set aside a substantial portion of their income and invest it on a tax-deferred basis. In a new […] The post This Little-Known Account Can Help High Earners Accumulate Wealth appeared first on SmartReads by SmartAsset.
( 32
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Meta managers will be tracking whether employees are sticking with its return-to-office policy.
( 10
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(Bloomberg) -- Edward Yardeni, the economist who coined the term “bond vigilantes” during the 1980s and has regularly predicted their return to the investment landscape ever since, said they’re “saddling up.”Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyChina’s Hidden Financial Dangers Erupt With Shadow Bank CrisisNiger Soldie
( 32
min )
A California regulator has halted a plan for Medical Properties Trust to take a stake in a struggling hospital chain’s business.
( 28
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The shares were down 1.1% in early trading, putting them on pace to drop for a sixth consecutive day.
( 27
min )
Hawaiian Electric upgraded, CVS downgraded: Wall Street's top analyst calls
( 33
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The U.S. Federal Reserve is likely done raising interest rates, according to a strong majority of economists polled by Reuters, and a slight majority now expect the central bank to wait at least through end-March before cutting them. A 90% majority, 99 of 110 economists, polled Aug 14-18 say the Fed will keep the federal funds rate in the 5.25-5.50% range at its September meeting, in line with market pricing. After raising rates by 25 basis points last month, Fed Chair Jerome Powell kept options open for whether there would be a hike or a pause at the September meeting.
( 33
min )
KeyBanc Capital Markets analysts downgraded shares of the e-commerce company for luxury fashion to Sector Weight from Overweight.
( 26
min )
A symbol of China's property crisis filed for Chapter 15 bankruptcy protection. Troubles continue at other developers—and in the financial system.
( 27
min )
Deere reports fiscal third-quarter earnings of $10.20 a share. Wall Street was looking for $8.22.
( 26
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While the summer months are proving to be less lucrative for stock market participants, the overall trend this year has been up. The reason for the rally has been primarily down to AI hype, with various cultural commentators predicting this tech’s impact could be as big as that of the Industrial Revolution. But not all are quite as hyperbolic. There are grumblings on Wall Street that we are now entering an AI-driven bubble, with some prominent market watchers claiming the rally might not be sust
( 34
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Ratings agency Moody's Investors Service earlier in the day downgraded the company's stock to junk status. Hawaiian shares have lost more than half of its value since the Aug. 8 wildfires that destroyed the coastal Maui town of Lahaina and killed at least 110 people. The company did not clearly outline the purpose for which it was seeking expert advice.
( 31
min )
Advance Auto Parts could run like a dream again with a new CEO.
( 25
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Investing.com -- VinFast Auto (NASDAQ:VFS) shares tumbled for a third straight session in early U.S. trading on Friday, representing another step down from an eye-popping surge in the Vietnamese electric vehicle maker's stock after its debut on the Nasdaq on Tuesday.
( 31
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Deere & Co raised its annual profit forecast on Friday as demand for large farm tractors remains robust, while easing supply chain bottlenecks lower manufacturing costs. The Moline, Illinois-based company has also seen high demand for its construction equipment, as the United States upgrades roads, railways and other transportation infrastructure under the Joe Biden administration's $1 trillion package approved by the Senate in 2021. Deere, a barometer for the global economy, has maintained resilient operating profit margins, despite global market volatility.
( 31
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(Bloomberg) -- Deere & Co. lifted its financial outlook for the year as machinery demand from farmers remained robust despite slumping crop prices.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildThe world’s top
( 31
min )
Elon Musk's SpaceX has written down the value of its crypto holdings and sold Bitcoin, The Wall Street Journal reports.
( 26
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(Bloomberg) -- Steve Cohen is contesting an Internal Revenue Service campaign to compel hundreds of money managers — including his Point72 Asset Management — to pay self-employment taxes on a main source of earnings.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal
( 32
min )
Secret Ford meetings prep white-collar workers to work in parts depots if the UAW goes on strike. "This is the little bit Ford can do," analyst says.
( 36
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Applied Materials reports earnings and issues a forecast better than analysts' expectations, Keysight stock falls after a weaker-than-expected fiscal fourth-quarter outlook, and Farfetch slumps after a quarterly sales miss. Meanwhile, Deere, XPeng, and Palo Alto Networks are scheduled to report earnings Friday.
( 27
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(Bloomberg) -- Chinese authorities have stepped up efforts in recent days to bolster the financial market in a sign that Beijing is growing uncomfortable with the pace of declines in stocks and the yuan. Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reac
( 32
min )
Shares of the power-generator maker are down 56% over the past year, and 35% since Barron’s recommended buying them last fall.
( 26
min )
Bitcoin prices fell suddenly late on Thursday amid reports of hundreds of millions in sales, triggering a bloodbath across futures and spot markets.
( 33
min )
(Bloomberg) -- After an astronomical rise in its first day of trading, VinFast Auto Ltd. is now coming back to Earth — erasing a chunk of its billionaire founder’s fortune.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reach 15-Year Highs as Rate-Hike Wor
( 30
min )
(Bloomberg) -- Cryptocurrencies extended declines, sliding with global risk assets as investors price in higher interest rates for longer. A report of Elon Musk’s SpaceX selling Bitcoin holdings added to the concerns. Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlob
( 31
min )
Late-night announcement is the latest in the drama for the control of United States Steel Corp.
( 11
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(Bloomberg) -- Bets on long-dated Treasuries have backfired as the US economy holds firm, but payday is coming for those who are brave enough to stick to their guns.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reach 15-Year Highs as Rate-Hike Worries Bu
( 32
min )
Bitcoin traded at around US$26,800 on Thursday morning in Asia after hitting a two-month low of around US$25,400. Ether fell below US$17,000.
( 33
min )
Het moederbedrijf van Douwe Egberts en Pickwick, JDE Peet's, peinst er niet over om zich terug te trekken uit Rusland. Dat zegt topman Fabien Simon in een interview met The Wall Street Journal. Veel bedrijven hebben zich teruggetrokken uit Rusland wegens de inval van Rusland in Oekraïne.
( 4
min )
Specsavers stopt na nog geen jaar met zijn drie winkels in België. Dat laat de opticien- en audicienketen vrijdag weten op zijn website.
( 3
min )
De economie van eurolanden zal in de komende jaren blijven groeien en het is onwaarschijnlijk dat die in een diepe of lange recessie zal belanden. Dat zegt bestuurder Philip Lane van de Europese Centrale Bank.
( 4
min )
De aandelenkoers van betaalverwerker Adyen daalt vrijdag verder naar de laagste koers sinds april 2020. Dit na een dramatische koersval donderdag. Toen verloor Adyen door een koersdaling van bijna 40 procent in een dag bijna 19 miljard euro aan beurswaarde.
( 4
min )
Het lijstje van bedrijven dat het faillissement van Big Bazar aanvraagt wordt steeds langer. Het beursgenoteerde vastgoedbedrijf Wereldhave is nu ook naar de rechter gestapt om de koopjesketen failliet te laten verklaren.
( 3
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De aandelenkoers van betaalverwerker Adyen daalt vrijdag verder. Dit na een dramatische koersval donderdag op de Amsterdamse beurs. Toen werd Adyen door een koersverlies van bijna 40 procent in een dag 19 miljard euro minder waard op de beurs.
( 3
min )
Schiphol schaft dertig nieuwe tilhulpen aan om bagagesjouwers te ontlasten. Eerder werden ook al negentien robots ingezet na scherpe kritiek van de Arbeidsinspectie.
( 3
min )
De bitcoin is in een dag tijd abrupt met ongeveer 8 procent in waarde gedaald. De koers ging van ruim 26.000 euro donderdagochtend naar ruim 24.000 euro vrijdagochtend. Die waardedaling volgt op het nieuws dat SpaceX zijn bezittingen in bitcoins heeft afgewaardeerd.
( 3
min )
Nederland zit momenteel in een recessie, maakte statistiekbureau CBS woensdag bekend. Dat komt onder andere doordat huishoudens zuiniger leven. Wij vroegen jullie daarom hoe jullie de kosten van boodschappen laag houden. Op ons reactieplatform NUjij deelden lezers hun tips.
( 4
min )
Energiebedrijf Vandebron gaat eigenaren van zonnepanelen laten betalen voor het terugleveren van stroom aan het netwerk. Op ons reactieplatform NUjij zijn daar veel vragen over gesteld. Ben Woldring, eigenaar van energievergelijkingswebsite Gaslicht.com, geeft antwoord op de beste en meestgestelde vragen.
( 5
min )
In een rechtszaak waarbij een grondhandelaar op een dwingende manier lappen landbouwgrond verkocht aan een particulier, vindt de rechter dat er meer financieel toezicht moet komen op deze praktijken. De handel in grond is voor kopers namelijk zeer risicovol.
( 5
min )
In Nederland rijden er nu 1 miljoen bestelauto's rond. Dat blijkt uit cijfers van de RDW (Rijksdienst voor het Wegverkeer) waar het AD over schrijft. Dit jaar zijn er al 53.000 nieuwe auto's geregistreerd. Dit zijn vooral busjes van het merk Volkswagen.
( 3
min )
Nederland zit momenteel in een recessie, maakte statistiekbureau CBS woensdag bekend. Dat komt onder andere doordat huishoudens zuiniger leven. Wij vroegen jullie daarom hoe jullie de kosten van boodschappen laag houden. Op ons reactieplatform NUjij deelden lezers hun tips.
( 4
min )
AI has become the new ‘shiny object,’ attracting investors’ attention. The rush began this past November when OpenAI’s ChatGPT made its debut, demonstrating in the clearest possible way how AI can change the ways computers use the data they collect and the ways we interact with them. The sudden interest in AI has had a spiraling effect. Investors are seeking companies with greater exposure to AI, while tech firms are eager to publicize their own AI links and offerings. Keeping a close watch on t
( 35
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(Bloomberg) -- All around the world, bond traders are finally coming to the sobering realization that the rock-bottom yields of recent history might be gone for good. Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesTh
( 34
min )
(Bloomberg) -- Applied Materials Inc., the largest US maker of chipmaking machinery, gave a bullish forecast for the current quarter, indicating that an industry slump may be fading.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysFed Saw ‘Significant’ Inflation Risk That May Merit More HikesKen Griffin Reshaped Law Banning Chinese Real Est
( 32
min )
According to billionaire entrepreneur Mark Cuban, taking a different approach when launching a business can lead to more success than relying on raising capital. During a recent Southby Southwest (SXSW) panel discussion, Cuban emphasized the value of starting a business “with as little money as possible” and bootstrapping it as much as you can. In the session titled Unleashing the Entrepreneur In Everybody, Cuban provided some insight on raising capital. Don’t Miss: The biggest disruption to sma
( 32
min )
(Bloomberg) -- China Evergrande Group sought Chapter 15 bankruptcy protection in New York on Thursday, court papers show. Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysFed Saw ‘Significant’ Inflation Risk That May Merit More HikesKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesChapter 15 bankruptcy protects company’s US ass
( 31
min )
For the quarter that ended in June, Wall Street expects XPeng to report a per-share loss of 31 cents from sales of $707 million. A year ago, XPeng reported a 46-cent loss from $1.1. billion in sales.
( 26
min )
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Today's best CD rates are 5.76% from Connexus Credit Union for 1 year, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 21
min )
The Vietnamese electric-car company has flip-flopped on strategy and recalled vehicles.
( 27
min )
In a case last month, a federal judge decided that most sales of a token called XRP didn't qualify as securities transactions.
( 26
min )
(Bloomberg) -- The fresh boom in stock options that expire within 24 hours has grabbed all the attention on Wall Street trading desks — spurring a Goldman Sachs Group Inc. warning that the activity is fueling the recent market selloff.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysFed Saw ‘Significant’ Inflation Risk That May Merit More H
( 33
min )
(Bloomberg) -- Broadcom Inc. has secured up to $28.4 billion in new debt commitments to fund its purchase of VMware Inc. and replace a shorter-term loan it had snagged as it awaits regulatory approval for the deal.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Y
( 32
min )
I am selling my house and the price is $504,999. After paying off this house I will net $400,000. Do I have to pay a capital gains tax as I’m planning to pay off my retirement home with the money I netted? – Thomas The answer is solidly "it depends," both in terms of whether […] The post AAA: I’m Selling My House and Netting $400k to ‘Pay Off My Retirement Home.’ Do I Have to Pay Capital Gains Tax? appeared first on SmartReads by SmartAsset.
( 33
min )
Who owns the most U.S. Steel and Cleveland-Cliffs stock?
( 11
min )
Jefferies analyst Mark Lipacis analyzed the June data for the six top cloud-based service providers and found that Nvidia gained market share over the past year.
( 26
min )
AMC Entertainment Holdings Inc. (NYSE:AMC) was one of the hottest meme stocks in 2021. Now, it's facing a stark reality. On Monday, AMC shares plummeted 35%. Investors were concerned about dilution following Friday's court approval of a settlement that would allow the company to convert its preferred equity units into common shares. This significant movement in the stock caught the attention of legendary investor Bill Gross, known widely as the Bond King. "Another Meme bites the dust — AMC," he
( 33
min )
SpaceX did not immediately respond to a Reuters request for comment. The space company, which was founded more than two decades ago, was valued at roughly $150 billion at a recent employee stock sale, putting its valuation on par with that of Intel or Walt Disney , the Journal reported. In 2022, revenue doubled to $4.6 billion, helping the company reduce its loss last year to $559 million from $968 million, the WSJ reported.
( 30
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(Bloomberg) -- Trucking firm Estes Express Lines has struck a $1.3 billion deal to acquire all of Yellow Corp.’s terminals out of bankruptcy, an offer that’s subject to higher bids should any materialize in the coming weeks.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateFed Saw ‘Significant’ Inflation Risk That May Merit More HikesNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesGloba
( 30
min )
Americans will burn through all their pandemic savings by the end of September, according to estimates by the Federal Reserve.
( 31
min )
United States Steel Corp. released more details Thursday on its obligations under its basic labor agreement with United Steelworkers on the union’s role in any plant or corporate transaction.
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Retirement account balances are roaring back after 2022's dismal performance.
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The two companies failed to reach a deal by Oct. 26, 2022, as decided earlier, and now Tesla would take "all available legal remedies" unless the parties mutually resolve the matter, Core lithium said in a presentation on Wednesday. The notice of a potential legal claim is related to a binding term sheet the companies signed in March last year to negotiate the terms of a supply agreement under which Elon Musk-led Tesla would have received spodumene, a lithium-rich mineral.
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ADRs of European payments giant and Stripe rival Adyen tumbled on Thursday after reporting its slowest sales growth ever, citing competition in key markets including the U.S.
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Citi analysts raised their price target on the fintech stock to $12 from $10.
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Bud Light was caught in a heated controversy in April over a collaboration with transgender influencer Dylan Mulvaney which gutted sales.
( 32
min )
Their collectible baseball cards, sneakers and Barbie dolls are their emergency funds.
( 21
min )
As Coinbase Inc. (COIN) scraps with the U.S. Securities and Exchange Commission (SEC) on its right to exist as an exchange, the company has achieved an unprecedented milestone in U.S. oversight by winning approval to handle customers’ buying and selling of crypto futures.
( 34
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Its shares fell 16% in early trading after losing 19% in the previous session as the loss-making company faces an ambitious annual goal set by its founder Pham Nhat Vuong - to sell 50,000 EVs, more than twice the sales notched up so far this year. Meanwhile, its lofty valuation could be at risk as it looks to raise more capital over the next 18 months.
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There are two sides to every coin. For penny stocks, or tickers that trade for less than $5 per share, this rings especially true. As some of the most divisive names on the Street, they are either met with resounding praise or forceful discontent. Going beyond the argument that you get more for your money, even minor price appreciation can result in massive percentage gains. However, some investors prefer to avoid these stocks entirely, as the fact that shares are trading at such depressed level
( 35
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In response to the country’s escalating housing affordability issue, Elevate Money's new real estate investment trust (REIT), the Future Of Housing Fund (FOHF), is proposing a solution. Partnering with modular home manufacturer Boxabl, the fund aims to channel investment capital and innovation into the affordable housing sector. Boxabl's Innovative Home Construction Method Boxabl is making waves for its novel approach to home construction. Its modular units, which can be efficiently folded and s
( 31
min )
Shares of electric-vehicle company VinFast fell more than 8% early Thursday, retreating for a second consecutive session.
The Vietnamese car maker debuted on the Nasdaq on Tuesday after merging with a special-acquisition company. The stock more than tripled in its first day of trading, [vaulting Vi
( 21
min )
Shares of CVS Health dropped early Thursday after health insurer Blue Shield of California said it will drop CVS's Caremark pharmacy-benefit manager to work with other companies, includi
( 22
min )
Saving for retirement is a lifelong undertaking. It involves keeping your retirement goals in mind as you have children, get different jobs and move from place to place. However, a recent study from the Center for Retirement Research at Boston College … Continue reading → The post Empty Nester? This Avoidable Mistake Could Jeopardize Your Retirement appeared first on SmartAsset Blog.
( 42
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With bids in play from Cleveland-Cliffs and Esmark, a battle for U.S. Steel is underway.
( 27
min )
The $40 billion J&J exchange offer for Kenvue stock is likely to be oversubscribed
( 27
min )
Apple stock typically performs well ahead of a new iPhone release and this year will be no different, according to one of its strongest bulls.
( 27
min )
Another set of results from Adyen, another stock-market drubbing. The Dutch payments provider, once a darling of the European tech scene, needs Silicon Valley to get its mojo back.
The stock was down by more than a quarter in European trading Thursday after the company put out half-year numbers tha
( 24
min )
Hawaiian Electric shares fell around 26% in premarket trading Thursday after The Wall Street Journal reported that the utility company is in [talks with firms that specialize in restructuring advisory work](https://www.wsj.com/articles/hawaiian-electric-in-talks-with-financial-restructuring-professi
( 21
min )
After weeks of inaction, cryptos have a catalyst. Expectations of higher interest rates for longer send Bitcoin and other tokens spiraling.
( 26
min )
Blue Shield of California is dropping CVS’s Caremark, its current pharmacy-benefit manager, and replacing it with a selection of other companies including drug delivery from Amazon.
( 27
min )
The retailer raised guidance as earnings beat Wall Street expectations, driven by groceries.
( 26
min )
Tapestry posts fiscal fourth-quarter earnings of 95 cents a share, while Wall Street was expecting 97 cents.
( 26
min )
Hedge fund EDL Capital is betting on further falls for China's offshore currency and says the yuan's slide could be the next "black swan event" to rattle world markets, according to an investor presentation this month seen by Reuters. The U.S. dollar has strengthened roughly 6% against the offshore yuan so far this year and Chinese state banks have been seen selling dollars this week to stem the yuan fall. EDL Capital, which manages about $1 billion, said factors weighing on the yuan include geopolitical tensions driving Western countries to re-home supply chains that will starve China of foreign investment.
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The move sent shares of CVS sliding 8%, while rivals Cigna Group and UnitedHealth Group, which also have pharmacy benefit management units, fell sharply in premarket trading. Pharmacy benefit managers, which maintain lists of drugs covered by health insurance plans and negotiate prices with manufacturers, have recently come under scrutiny from lawmakers for their role in rising healthcare costs.
( 31
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Blue Shield of California says it aims to save millions on drug costs, and plans to drop CVS Caremark as pharmacy-benefit manager
( 26
min )
Apple stock typically performs well ahead of a new iPhone release and this year will be no different, according to one of its strongest bulls.
( 27
min )
Cisco's fiscal fourth-quarter profit and sales beat analysts' estimates, Wolfspeed posts a wider-than-expected loss and issues disappointing guidance, BAE Systems is buying Ball Aerospace for $5.5 billion, and Walmart is scheduled to report second-quarter earnings.
( 27
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(Bloomberg) -- The top three US wireless carriers have lost billions in revenue as smartphone sales dwindle in a reversal of the pandemic boom.Most Read from BloombergFed Saw ‘Significant’ Inflation Risk That May Merit More HikesGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesGoldman Sachs Blames Zero-Day Options for Fueling S&P 500 SelloffAT&T Inc., T-Mobile US
( 32
min )
After weeks of inaction, cryptos have a catalyst. Expectations of higher interest rates for longer send Bitcoin and other tokens spiraling.
( 26
min )
(Bloomberg) -- Adyen NV’s shares plunged most on record after first-half earnings missed estimates, weighed down by the Dutch fintech company’s hiring push and inflationary pressures. Most Read from BloombergFed Saw ‘Significant’ Inflation Risk That May Merit More HikesGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersChina Shadow Bank Misses Dozens of Payments as Risks GrowKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesNiger Soldiers Killed in Attacks by Armed Group,
( 32
min )
Shares of the payments giant are down 80% from their pandemic-era high in 2021.
( 26
min )
Oil exploration-and-production companies look like the sweet spot for investors, rather than refiners, oil-field services providers, or other energy-related firms.
( 26
min )
One trading firm has a price target of as low as $24,000 in the coming months in the absence of immediate market catalysts.
( 31
min )
The average retirement saver with a seven-figure balance is 59 years old.
( 26
min )
China's major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in an attempt to arrest the yuan's rapid losses. State banks usually act on behalf of China's central bank in the country's foreign exchange market, but they could also trade on their own behalf or execute their clients' orders. Offshore branches of the state banks were seen selling dollars during London and New York trading hours this week, two sources with direct knowledge of the matter said on Thursday.
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Bitcoin, Ether and Top 10 crypto fell on Thursday morning in Asia. Coinbase receives futures approval.
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Today's top stories for NVIDIA Corp (NASDAQ: NVDA) revolve around the competitive landscape of the semiconductor industry and the company's strategic moves in the market. NVIDIA's AI Chips: A Game-Changer for Data Centers: NVIDIA's CEO, Jensen Huang, underscored the economic advantages of the company's AI chips over traditional CPUs in data centers. The Grace Hopper Superchip, a fusion of CPU and GPU, promises substantial energy savings and enhanced performance for generative AI tasks. Huang ill
( 32
min )
A bank letter of credit policy assures a company engaged in an international transaction of the creditworthiness of the buyer.
( 19
min )
Blockstack (Stacks) is a blockchain-based version of the internet that allows full control of data and apps to the user.
( 22
min )
Find out how some indicators help investors predict the likely opening direction of stocks. Also, determine how international markets influence the open.
( 22
min )
Fast-track your MBA degree with a double major to help give your career the edge it needs and create a focus in an area of expertise.
( 23
min )
A bridge loan is short-term financing used until a person or company secures permanent financing. It provides immediate cash flow.
( 23
min )
Merchant category codes (MCC) are used by credit card companies to classify purchases according to the type of merchant. They are important for card rewards programs and other purposes.
( 23
min )
A zero liability policy absolves a credit or debit cardholder from responsibility for fraudulent charges. But it may not apply in all circumstances.
( 23
min )
Today's best CD rates are 5.76% from Connexus Credit Union for 1 year, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 19
min )
The S&P 500 fell 0.8% on Thursday, Aug. 17, 2023, as declines in shares of CVS and other healthcare stocks weighed on the index after Blue Shield of California said it would reduce its reliance on CVS.
( 16
min )
Wahed Invest Inc. is likely a welcome platform in the robo-advisor environment for religious Muslims.
( 25
min )
CVS shares fell after Blue Shield of California said it would reduce its reliance on the company's pharmacy services and work with other firms, including Amazon, to cut costs.
( 17
min )
Understanding dividends and how they generate steady income for shareholders will help you become a more informed and successful investor.
( 23
min )
Ancillary benefits are a secondary type of health insurance that covers miscellaneous medical expenses that are incurred during a stay at the hospital.
( 18
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Cooperative insurance can cover co-op apartments and healthcare. Cooperative insurance allows policyholders to buy more coverage at an affordable cost.
( 22
min )
The 30-year fixed-rate mortgage averaged 7.09% as of August 17, a level not seen since 2002, when it peaked at 7.18%.
( 17
min )
A bondholder is an individual or other entity who owns the bond of a company or government and thus becomes a creditor to the bond's issuer.
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A letter of indemnity is a letter guaranteeing that contractual provisions will be met; otherwise, financial reparations will be made.
( 19
min )
Transferring balances from one or more credit cards to a new card can have both positive and negative effects on your credit score. Here is how to do it right.
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min )
Chapter 13 is a U.S. bankruptcy proceeding in which debtors reorganize their finances in order to repay creditors within three to five years.
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Chapter 12 is a special form of bankruptcy filing in the United States that applies specifically to farms and fisheries.
( 24
min )
Silicon Valley is an area in Northern California that is home to a large number of innovative technology companies.
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The Inflation Reduction Act, enacted a year ago, did a lot of things. Reducing inflation likely wasn’t one of them—at least not yet.
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Planning a sale or transition of your practice over time can help ease your clients into it and can net you a higher sale price.
( 19
min )
U.S. equity markets were little changed and mixed midday on Thursday, Aug. 17, 2023, after the latest earnings reports.
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While markets in Asia and North America have been lagging behind, growth of premium and ultra-premium sales coupled with the launch of the iPhone 15 could catapult Apple over competitors in unit sales.
( 17
min )
Stranger-owned life insurance is when someone tries to buy coverage on a person they don't know, and is illegal. Here's why.
( 24
min )
The Blue Book or Kelley Blue Book lists new and used car prices, helping car buyers determine the fair market value and trade-in value of automobiles.
( 21
min )
The number of IRA accounts rose 34.8% for females aged 18 to 35.
( 17
min )
The Multifiber Arrangement (MFA) was an international trade agreement between several countries on textiles and clothing that was active from 1974 to 2004.
( 21
min )
ADRs of European payments giant and Stripe rival Adyen tumbled on Thursday after reporting its slowest sales growth ever, citing competition in key markets including the U.S.
( 17
min )
AAA is the highest possible rating assigned to the bonds of an issuer by credit-rating agencies such as Standard & Poor’s and Fitch Ratings. Read more about these bonds.
( 22
min )
A-/A3 are similar rating categories issued by two different rating agencies, Moody's and S&P, to reflect long-term investment bond creditworthiness.
( 21
min )
Homebuyers are increasingly turning to newly built single-family homes, representing a record 31.4% of homes on the market in the second quarter.
( 17
min )
Retail giant Walmart beat profit and sales estimates thanks to surging grocery and e-commerce sales, as its discount-oriented business model shielded it from a broader slowdown in consumer spending.
( 18
min )
Insurance losses from Maui's historic wildfires, which have claimed more than 100 lives and up to 2,200 buildings, could top $3.2 billion for homeowners and lead to the biggest insurance payout in Hawaii's history.
( 19
min )
Britain's largest defense company, BAE Systems, said it plans to acquire Ball's aerospace operations for $5.6 billion.
( 16
min )
The 30-year mortgage average is wavering just below a 21-year high. Movement was mixed across other loan types, with the three major ARM averages rising slightly.
( 20
min )
If you have difficulty obtaining a conventional mortgage for a manufactured home, an FHA loan is an alternative for buying the home, the lot, or both.
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min )
The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. Discover the current debt ceiling and its economic impact.
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B1/B+ is the highest quality credit rating for non-investment grade bonds.
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min )
A passbook loan is a personal loan made to a savings account holder by the custodial bank using the balance of the savings account as collateral.
( 21
min )
Walmart shares rise after reporting its inventory management and a jump in online sales helped it grow revenue above expectations, and Cisco shares move higher after an increase in orders helped it beat earnings estimates. Here’s what investors need to know today.
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min )
Allocated loss adjustment expenses (ALAE) are part of an insurer’s expense reserves that are attributed to the processing of an insurance claim.
( 19
min )
If you want to get out of a car lease without paying early termination fees, then you have some alternatives, including lease swapping.
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min )
The digital divide refers to the gap between people who have access to modern information and communications technology and those who don’t.
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Advance loss of profit (ALOP) insurance provides coverage for financial losses due to delays in construction and infrastructure projects.
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Prior acts coverage is a feature of an insurance policy that extends current coverage to pay claims made on events that took place prior to the policy's date of purchase.
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Insurance defense refers to attorneys who focus on representing cases that stem from insurance matters.
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The aggregate limit of liability refers to the most money an insurer can be obligated to pay to a policyholder during a specified period.
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min )
A condotel is a hybrid property that combines the ownership of a condominium with the option to rent out units like a traditional hotel.
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min )
De winkelverkopen dalen alsmaar verder. Al vijf kwartalen op rij kopen we minder dan in dezelfde periode een jaar eerder. Door prijsverhogingen blijft de omzet voor veel winkels toch nog redelijk op peil.
( 3
min )
De Britse regering roept lokale overheden op de pubs toestemming te geven om zondag vroeger open te gaan. Zondag spelen de Engelse voetbalsters onder leiding van bondscoach Sarina Wiegman de WK-finale tegen Spanje.
( 3
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Betalingsverwerker Adyen kende donderdag een uitzonderlijk slechte dag. Door tegenvallende resultaten in het eerste half jaar wilden beleggers massaal van hun aandelen af. Daardoor ging de koers onderuit en verdampte 19 miljard euro van de beurswaarde.
( 3
min )
Wie op het warmtenet is aangesloten, moet in de toekomst betere bescherming krijgen tegen extreme tarieven. Dat staat in het advies van toezichthouder ACM over nieuwe regels voor warmtenetten, waar minister Rob Jetten (Energie) aan werkt.
( 4
min )
Kledingketen H&M wil stapsgewijs stoppen met leveranciers in Myanmar, meldt persbureau Reuters. Woensdag is een rapport over wantoestanden in kledingfabrieken in het Aziatische land verschenen.
( 3
min )
Nog eens drie partijen willen een faillissementsaanvraag doen voor koopjesketen Big Bazar. Dat meldt directeur Joost Konings van Invorderingsbedrijf Amsterdam, dat de aanvragen in behandeling heeft.
( 3
min )
Om te voorkomen dat het leven voor veel Nederlanders onbetaalbaar wordt, moet het demissionaire kabinet actie ondernemen. Dat zeggen budgetinstituut Nibud en Defence for Children als reactie op een armoedewaarschuwing waar het Centraal Planbureau (CPB) woensdag mee kwam.
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min )
De handel in het aandeel Adyen is donderdag korte tijd stilgelegd op de Amsterdamse beurs. De stap volgde op een koersverlies van 25 procent van het aandeel. Dat is het grootste dagverlies voor het betaalbedrijf, dat sinds 2018 een notering heeft in Amsterdam.
( 3
min )
Vakbond FNV vindt een minimumloon van 14 euro niet meer hoog genoeg en pleit voor een verhoging naar 16 euro per uur. Ook toeslagen en kindgebonden budgetten zouden omhoog moeten in de strijd tegen armoede, vindt voorzitter Tuur Elzinga.
( 4
min )
Minister Micky Adriaansens (Economische Zaken) heeft genoeg van de vertraging die satellietbedrijf Inmarsat veroorzaakt voor de ontwikkeling van sneller 5G-internet. Het bedrijf houdt belangrijke radiofrequenties bezet die daarvoor nodig zijn. Daarom pakt Adriaansens die frequenties op 1 februari 2024 af.
( 5
min )
Ook Triodos Bank heeft de winst over het eerste half jaar van 2023 verdubbeld. De kleinere bank volgt daarmee het voorbeeld van ABN AMRO, ING en Rabobank. De banken profiteren volop van de renteverhogingen van de Europese Centrale Bank (ECB).
( 5
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De groei van de Nederlandse economie valt dit en volgend jaar terug. Dat is geen probleem, omdat de economie de afgelopen jaren veerkrachtig bleek ondanks meerdere crises. De zorgen zitten hem vooral in de toenemende armoede als de steunmaatregelen stoppen.
( 6
min )
NU.nl kiest elke dag een actueel onderwerp waarover jij uitgebreid met medelezers van gedachten kunt wisselen. Nederland zit momenteel in een recessie, maakte statistiekbureau CBS gisteren bekend. Dat komt onder andere doordat huishoudens nu zuiniger leven. Wat doe jij om de kosten van je boodschappen laag te houden?
( 2
min )
De werkloosheid in Nederland is in juli licht toegenomen. 3,6 procent van de beroepsbevolking was werkloos, tegen 3,5 procent een maand eerder. Dat is nog steeds een zeer laag percentage.
( 3
min )
De meeste Nederlandse beleggers hebben cryptoplatform Binance op tijd verlaten. Vandaag sluit Binance de Nederlandse accounts op het platform. Klanten hadden tot woensdag de tijd om hun cryptomunten over te zetten naar een ander platform.
( 3
min )
De groei van de Nederlandse economie valt dit en volgend jaar terug. Dat is geen probleem, omdat de economie de afgelopen jaren veerkrachtig bleek ondanks meerdere crises. De zorgen zitten hem vooral in de toenemende armoede als de steunmaatregelen per 2024 stoppen.
( 3
min )
Klanten van energiebedrijf Vandebron moeten voortaan extra betalen als ze zonnepanelen bezitten. Het bedrag is afhankelijk van de hoeveelheid elektriciteit die ze terugleveren aan het net. NUjij'ers vroegen zich af of een thuisbatterij een oplossing kan zijn.
( 3
min )
Veel auto's beschikken over zogenoemde keyless entry-systemen. Daarmee kun je de auto openen en starten terwijl de autosleutel in je broekzak zit. Dat is erg handig en makkelijk, maar maakt je auto ook inbraak- of diefstalgevoelig.
( 4
min )
The company's stock was rising in late trading. The chip design software firm is getting a big boost from AI.
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Trying to navigate the ups and downs of the stock market and predict its future direction can seem like a complicated and daunting task. However, as with almost anything, simplicity often holds the key. One of the most straightforward strategies is to keep an eye out for insiders’ moves. After all, these corporate officers are privy to their companies’ inner workings. So, when an insider is seen picking up shares of the company they work for, especially in bulk, it sends a clear signal that they
( 35
min )
(Bloomberg) -- Cisco Systems Inc., the largest maker of computer networking equipment, gave a lukewarm revenue forecast for the coming fiscal year, adding to concern that spending on tech infrastructure is slowing.Most Read from BloombergGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersFed Saw ‘Significant’ Inflation Risk That May Merit More HikesChina Shadow Bank Misses Dozens of Payments as Risks GrowStocks, Bonds Fall as Rate Hikes Left on the Table: Markets WrapMarc Becker, Apol
( 31
min )
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Oil and gas services provider Energy Transfer LP agreed to buy Crestwood Equity Partners LP for $7.1 billion dollars, including $3.3 billion in debt.
( 18
min )
Hawaiian Electric Industries is speaking with restructuring advisory firms to address financial and legal challenges over its potential liabilities in the wake of the Maui wildfires, the Wall Street Journal reported on Wednesday. The utility firm is in discussions over the strategies it can pursue and to determine whether it needs to hire legal and financial advisers, the report said, citing people familiar with the matter. Hawaiian Electric did not immediately respond to Reuters' request for a comment.
( 31
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Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third? The post Shipping line Zim bets big on spot market as losses mount appeared first on FreightWaves.
( 34
min )
Reuters reported Wednesday that ArcelorMittal was considering a bid for United States Steel. That has U.S. Steel shares on the move.
( 26
min )
Analysts downgrading stocks is an everyday occurrence and certainly nothing out of the ordinary. But it's major news when well-regarded stocks with large followings are the subjects of the downgrades. This week began with downgrades on three popular real estate investment trusts (REITs) across three different subsectors. Two of the downgrades were by the same analyst with Bank of America Securities and one was by an analyst with Argus Research. Take a look at the three REITs that could be in for
( 34
min )
Who wins in the battle for control of U.S. Steel?
( 12
min )
Jim Cramer, the well-known financial analyst and host of CNBC’s popular show “Mad Money,” is a figure with a reputation for outspoken opinions and a solid track record in the financial markets. Cramer recently delved into the art market and its potential as a solid investment option, particularly during times of inflation. In one of his episodes, Cramer highlighted Masterworks, a company that offers investors the opportunity to buy shares in individual artworks. The approach allows people to par
( 31
min )
(Bloomberg) -- Look closely at the contours of Tuesday’s tumble in the S&P 500 and fingerprints of a new market force come into focus.Most Read from BloombergGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersChina Shadow Bank Misses Dozens of Payments as Risks GrowTech Stocks Take a Leg Down Ahead of Fed Minutes: Markets WrapChina Asks Some Funds to Avoid Net Equity Sales as Markets SinkMarc Becker, Apollo’s Impact Investing Co-Head, Dies at 51They’re options tied to S&P 500 with a m
( 33
min )
(Bloomberg) -- Sacks Parente Golf Inc.’s shares tumbled as much as 83%, erasing almost all of the big first-day gains that made it the strongest US stock-market debut of 2023.Most Read from BloombergGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersChina Shadow Bank Misses Dozens of Payments as Risks GrowTech Stocks Take a Leg Down Ahead of Fed Minutes: Markets WrapChina Asks Some Funds to Avoid Net Equity Sales as Markets SinkMarc Becker, Apollo’s Impact Investing Co-Head, Dies at 5
( 31
min )
Barrick Gold Corp. (NYSE:GOLD) is one of the largest producers of gold in the world. But CEO Mark Bristow recently emphasized the importance of another metal to keep an eye on. During an interview with CNBC, Bristow said, "My view is that copper is the most strategic metal out of all the metals." He pointed out that batteries are a major driver for copper demand, but there's more to the story. "Batteries is not a long-term solution for the future of a better planet for all," Bristow said. "What'
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min )
A leading Dallas energy player will pay big bucks for the company that merged with #Royals majority owner John Sherman's old business.
( 10
min )
VinFast’s Nasdaq trading debut on Tuesday made Vingroup founder Pham Nhat Vuong a very wealthy man.
( 32
min )
Britain is facing a growing risk of recession even as rampant inflation begins to ease, economists have warned.
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min )
Shares in the Vietnamese electric car company more than tripled in its first day of trading, giving it a roughly $86 billion market value.
( 26
min )
VinFast's stock opened at $22 apiece on Nasdaq — a surge of over 200% from the $10 per share price agreed upon with Black Spade Acquisition.
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min )
Buyers should focus on what they can control rather than try to predict mortgage rates.
( 26
min )
Investors seem convinced the security software company has chosen this inconvenient timetable because it has news to deliver shareholders might not like.
( 26
min )
The Houston area is losing one of its largest publicly traded energy companies in a deal valued at approximately $7.1 billion.
( 11
min )
My investment accounts don't withhold taxes from my capital gains, which is causing me to owe large amounts when I file my returns. How can I mitigate this situation? -David As capital gains distributions are unpredictable and usually unknown until … Continue reading → The post Ask an Advisor: ‘How Can I Mitigate This Situation?' My Tax Bill Is Huge Because My Investment Accounts Don't Withhold Capital Gains appeared first on SmartAsset Blog.
( 34
min )
Retirees don't accurately understand their risks in retirement, according to a recent analysis from the Center for Retirement Research at Boston College. The brief, authored by Wenliang Hou, finds a disconnect between how retirees rank perceived risks and their objective … Continue reading → The post Retirees Don't Know Their No. 1 Retirement Risk: Advisors Can Help appeared first on SmartAsset Blog.
( 32
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I'm a 65-year-old preparing for retirement within the next three to five years. I'm looking at different types of retirement funds. Would adding stocks that are dividend-structured along with gold and cryptocurrencies be a good mixture? -Earl Shifting from building … Continue reading → The post Ask an Advisor: I'm 65 Years Old and Going to Retire Soon. How Should I Structure My Portfolio? appeared first on SmartAsset Blog.
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Analysts at Piper Sandler and Raymond James raised their target prices on Nvidia to $500 ahead of its earnings next week.
( 26
min )
The retailer handily beats Wall Street's earnings expectations.
( 26
min )
A solid top- and bottom-line beat by the e-commerce giant isn't enough to lift the stock amid a selloff in Chinese markets.
( 26
min )
Energy Transfer said the move would benefit its natural-gas and crude-oil businesses by adding storage and terminal assets.
( 25
min )
Target beats analysts' expectations for second-quarter earnings, sending shares higher, despite the retailer lowering full-year guidance.
( 26
min )
The Bitcoin futures market, in which trades are typically made with leverage or borrowed money, is the most liquid market in all of crypto.
( 26
min )
It comes after the fund suffered one of its worst years in history in 2022.
( 31
min )
A solid top- and bottom-line beat by the e-commerce giant isn't enough to buoy the stock amid a selloff in Chinese markets.
( 26
min )
Palo Alto Networks investors are betting that good things never happen late on a Friday afternoon.
( 25
min )
Coinbase Global has earned approval from the National Futures Association to offer eligible U.S. customers crypto futures, the company said Wednesday.
The largest crypto exchange in the U.S. in September 2021 [filed an application with the NFA](https://twitter.com/coinbase/status/143824759587741696
( 22
min )
Tencent Holdings’ second-quarter net profit climbed 41%, thanks to a recovery in various business lines, led by online advertising.
( 26
min )
Coherent issues a weaker-than-expected forecast, Cava's second-quarter profit beats expectations, and Intel calls off its acquisition of Tower Semiconductor.
( 27
min )
The move for the Israeli company collapsed due to delays to regulatory approval. It's a setback for plans to ramp up its semiconductor-making business.
( 26
min )
(Bloomberg) -- Intel Corp. said it’s walking away from its attempt to acquire Tower Semiconductor Ltd., abandoning a $5.4 billion deal after failing to win regulatory approval in time. Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapThe Fed’s Interest-Rate Debat
( 32
min )
The networking-equipment company faces crosswinds in terms of demand heading into its fiscal fourth-quarter earnings report.
( 26
min )
(Bloomberg) -- Intel Corp. is expected to call off its planned $5.4 billion acquisition of Tower Semiconductor Ltd. as time to win regulatory approval runs out, according to people familiar with the matter.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump In
( 32
min )
(Bloomberg) -- Sea Ltd.’s historic 29% tumble erased close to $10 billion from its market value, wiping out a quarter of co-founder Forrest Li’s fortune overnight while darkening the shopping and gaming leader’s prospects.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapRussia’s Emergency Rate Hike Fails to Lift Ruble Aft
( 33
min )
(Bloomberg) -- The yield on 10-year US Treasuries is at the top end of its range, providing a good entry point for investors, according to Steven Major, global head of fixed-income research at HSBC Plc.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapThe Fed’s In
( 31
min )
(Bloomberg) -- When former postman Iqeel Ahmed told staff at his local Halifax branch he couldn’t feed his family because he was locked out of his account, they asked whether he had tried the nearest food bank.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTyco
( 37
min )
(Bloomberg) -- A record of the Federal Reserve’s July policy meeting due Wednesday is set to show only a minority of officials favored holding interest rates steady over the remainder of the year, according to Bloomberg Economics.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapRussia’s Emergency Rate Hike Fails to Lift R
( 31
min )
A deal for the American steelmaker could leave fewer options for steel used in cars, food cans and other products.
( 27
min )
Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tuesday, according to people familiar with the matter. Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition as required under its contract with the Israeli firm, the sources said. Intel and Tower declined to comment.
( 32
min )
(Bloomberg) -- Chinese stocks extended their recent selloff, putting a key gauge of the nation’s equities on track to erasing all the gains seen since last month’s Politburo meeting.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweepi
( 30
min )
Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tuesday, according to people familiar with the matter. Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition as required under its contract with Tower, the sources said. It does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away, the sources added.
( 31
min )
(Bloomberg) -- China home prices dropped for a second month in July, a further sign of the deepening property downturn that’s weighing on the world’s second-largest economy.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweeping Georgi
( 31
min )
(Bloomberg) -- The rally in equities is set to grind to a halt as investors come to grips with slowing US growth, and seasonal factors are likely to compound the selling pressure, according to Vantage Point Asset Management.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Ma
( 31
min )
The firm exited its loan investment after rival lenders offered better terms to finance Yellow’s liquidation.
( 27
min )
Inflation-linked bonds, such as TIPS and I-Bonds, protect returns from the loss of purchasing power and increase portfolio diversification.
( 24
min )
A blockchain operating system uses blockchain as the platform for running a device's operating system
( 19
min )
Assessed value is a value assigned to a home by an assessor and is used to determine the property tax bill. It is often a percentage of fair market value.
( 22
min )
Understand how portfolio immunization is compared to cash flow matching when taking an asset-liability management (ALM) approach to investing portfolios.
( 21
min )
A quick overview of the top economic indicators to track the housing market in the U.S.
( 20
min )
Policymakers at the Fed are concerned wage growth isn't slowing fast enough for inflation to fall to the 2% annual rate that the central bank targets, according to minutes of the Federal Open Market Committee released Wednesday.
( 18
min )
The S&P 500 lost 0.8% on Wednesday, Aug. 16, 2023, after minutes from the latest Fed meeting showed members indicated interest rates may still have to rise to curb inflation.
( 16
min )
The IRS has been spending the $80 billion in extra funding it got from the Inflation Reduction Act of 2022 to hire more customer service agents, create chatbots, and reduce paperwork.
( 17
min )
Progressive Corporation was the best-performing stock in the S&P 500 on Wednesday after the insurance provider reported a jump in premiums written in July.
( 16
min )
Oil and gas services provider Energy Transfer LP agreed to buy Crestwood Equity Partners LP for $7.1 billion dollars, including $3.3 billion in debt.
( 17
min )
CDs can significantly boost what you earn on your savings. So it's worth exploring ways to safely add one or more top-paying certificates to your savings plan.
( 25
min )
Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 19
min )
Southwest Airlines and the union covering more than 17,000 of its employees reached a tentative agreement on wages, job protections, and benefits for more. But the airline's pilots union still may strike.
( 17
min )
A court victory for President Joe Biden this week means that thousands of borrowers are joining the growing list of people whose student loans have been forgiven since he took office.
( 20
min )
Teachers’ salaries aren't keeping up with inflation and the rising cost of homeownership.
( 19
min )
Tron is a block-chained-based platform for sharing digital content. Discover more about Tron and its cryptocurrency, called Tronix or TRX.
( 19
min )
A crypto commodity is a digital representation of a commodity, utility, or contract on a blockchain network through exclusive tokens.
( 22
min )
Credit repair companies can help you find and fix mistakes on your credit report, for a fee. Learn how to choose a credit repair company that works for you.
( 20
min )
Goldman Sachs predicts home prices will keep rising, citing tight supply and high demand.
( 17
min )
Mutual funds and robo-advisors are two ways investors can get help building and managing a diverse portfolio. Find out more about the differences between these investing tools.
( 26
min )
While the CME already trades crypto futures and the CBOE has approvals for leveraged crypto futures, the nod makes Coinbase the first purely crypto exchange to offer such products.
( 17
min )
Demand elasticity is the sensitivity of the demand for a good or service due to a change in another factor.
( 22
min )
Mediterranean restaurant chain Cava Group posted a profit in its first earnings report since going public in June as it added new locations.
( 17
min )
TJX Companies shares hit an all-time high as the discount retailer posted better-than-expected results and raised its outlook as shoppers flocked to its stores.
( 17
min )
U.S. equities were mixed at midday on Wednesday, Aug. 16, 2023, after the latest earnings news and ahead of the release of meeting minutes from the Fed's July policy meeting.
( 17
min )
With investors looking to back the latest ICOs and cryptocurrencies, some scammers have taken advantage of the rush to invest.
( 22
min )
Intel called off a $5.4 billion deal to purchase Tower Semiconductor after it failed to secure timely regulatory approval from China.
( 17
min )
Learn about the evolving role of the nation-state in an increasingly globalized world as fewer boundaries restrict international commerce.
( 22
min )
Investment grade refers to bonds that carry low to medium credit risk.
( 25
min )
Automated robo-advisors are more flexible and can build more complex portfolios. Target date funds (TDFs) have the more specific aim of helping people invest for retirement by slowly adjusting their holdings to reduce volatility and risk over time.
( 25
min )
If you're denied for a personal loan, you might be able to reapply. However, you need to take steps to address the issues that cause the denial in the first place.
( 24
min )
Even though personal loans can help you fund a number of financial goals, they aren't always the right choice.
( 22
min )
Learn about GPUs (Graphics Processing Units) and how they are used in cryptocurrency mining.
( 24
min )
Business loans can certainly impact your personal credit, though this depends primarily on whether a personal guarantee is required.
( 23
min )
Target posted its first quarterly sales decline in six years after a dip in discretionary spending, backlash against the company's Pride collection, and rise in retail theft.
( 18
min )
Renovations may be covered, but they also can increase the value of your home and leave you underinsured. Find out if you should update your policy.
( 24
min )
Consumers have rights that protect them from scams and fraud. Certain consumer protection laws can help in particular situations.
( 26
min )
The Foster School of Business at the University of Washington offers undergraduate, graduate, and doctoral programs in business and other fields.
( 18
min )
Double-spending is a potential flaw in cryptocurrency systems that refers to the possibility of a digital currency being spent more than once.
( 20
min )
Occidental Petroleum will purchase tech firm Carbon Engineering Ltd. for $1.1 billion with plans to build 100 plants, using incentives from the government to combat climate change.
( 17
min )
Gwei is a denomination of the cryptocurrency ether (ETH), used on the Ethereum network. Learn what it is and how it is used in ETH transactions.
( 22
min )
Cryptocurrency payment gateways are a service available for merchants who prefer to have a trusted third party dealing with digital currencies.
( 21
min )
Changes in exchange rates have a substantial influence on companies’ operations and profitability. Here are ways they can deal with the risk.
( 27
min )
Problems with the U.S. tax system include higher effective rates for lower-income people, companies paying little or no taxes, and poor enforcement.
( 36
min )
The pre-existing condition exclusion period is a health insurance provision that limits benefits for a period of time for a prior medical condition.
( 22
min )
De omzet van de bouw was in de maanden april, mei en juni bijna 8 procent hoger dan een jaar eerder, meldt statistiekbureau CBS.
( 3
min )
Klanten van de Bank of Ireland konden dinsdag de hele dag 'gratis' geld opnemen. Door technische problemen bij de bank konden zij meer geld pinnen dan zij op hun rekening hadden staan.
( 3
min )
Klanten van de Bank of Ireland konden dinsdag de hele dag 'gratis' geld opnemen. Door technische problemen bij de bank konden zij meer geld pinnen dan zij op hun rekening hadden staan.
( 3
min )
De verslechterde Chinese economie zorgt ervoor dat de yuan hard daalt. De Chinese munt bereikte woensdag het laagste niveau sinds november 2022.
( 3
min )
Een groot vrachtschip dat sinds het begin van de oorlog in Oekraïne stillag, vaart nu voor het eerst over de Zwarte Zee. Het schip maakt gebruik van een zogenoemde humanitaire corridor, een tijdelijke vaarroute voor gestrande schepen.
( 4
min )
Kledingketen H&M gaat twintig beschuldigingen van misstanden in kledingfabrieken in Myanmar onderzoeken. Volgens de Britse mensenrechtenorganisatie BHRRC is er sprake van misstanden in de fabrieken waar het Zweedse bedrijf kleding laat maken.
( 3
min )
Met twee kwartalen van krimp is de Nederlandse economie in een recessie terechtgekomen. Dat klinkt ernstig, maar gaat dit ons echt veel pijn doen?
( 3
min )
Porthos, een groot project voor de opslag van CO2 onder de Noordzee, mag doorgaan. Bij de aanleg komt weliswaar wat stikstof vrij, maar dat vormt geen grote bedreiging voor kwetsbare duinnatuur. Dat oordeelt de Raad van State woensdagochtend.
( 7
min )
Het socialemediaplatform X (voorheen Twitter) heeft de toegang tot concurrerende sociale netwerken en nieuwswebsites vertraagd. Gebruikers die op een link naar Facebook, Instagram of bijvoorbeeld The New York Times klikten, moesten vijf seconden wachten voordat ze de gewenste pagina konden zien.
( 4
min )
De Nederlandse economie is met twee kwartalen van krimp in een recessie beland. In andere eurolanden zijn de ontwikkelingen gunstiger. De economie van de eurozone groeide in het tweede kwartaal met 0,3 procent ten opzichte van een kwartaal eerder.
( 4
min )
Op NU.nl vind je elke dag een stelling die bij het nieuws past. Hoewel op dinsdag en donderdag de langste files staan en het op die dagen het drukst is op kantoor, willen werkgevers hun personeel niet aanmoedigen op woensdag of vrijdag te komen. Vandaag is daarom de stelling: Werknemers moeten zelf kunnen bepalen welke dagen ze thuiswerken. Breng je stem uit en discussieer mee.
( 2
min )
Tussen begin april en eind juni is de Nederlandse economie met 0,3 procent gekrompen in vergelijking met het kwartaal ervoor. Het is de tweede krimp op rij, waardoor we officieel spreken van een recessie.
( 5
min )
Gebruikers van socialemediaplatform X (voorheen Twitter) moeten voortaan betalen voor TweetDeck (nu X Pro). Het computerprogramma waarmee je jouw tijdlijn kunt beheren, is vanaf nu alleen nog te gebruiken door mensen met een geverifieerd account op X.
( 4
min )
De Britse consumentenprijzen zijn in juli met 6,8 procent gestegen. Daarmee was de inflatie lager dan in juni (7,9 procent), maar nog wel veel hoger dan de beoogde 2 procent.
( 3
min )
De arbeidsmarkt is nog steeds zeer krap. Werkgevers hadden in het tweede kwartaal van dit jaar moeite om aan mensen te komen. Per 100 werklozen stonden eind juni nog 122 vacatures open.
( 3
min )
Hoewel thuiswerken sinds de coronapandemie een blijvertje is, werken Nederlanders op dinsdag en donderdag nog vaak op kantoor. Maar ondanks de lange files en drukte op de werkvloer willen werkgevers hun personeel niet aanmoedigen om op woensdag of vrijdag te komen.
( 6
min )
If you’re looking for effective strategies for making sound stock selection decisions, you could do a lot worse than peep into the current portfolios of Wall Street’s investing titans. By discovering which equites they are leaning into at any given time, investors can piggyback on the decades-long success attained by the stock picking giants. Few are more successful at this game than Ken Griffin, the founder and CEO of hedge fund Citadel and a man with a net worth of ~$34 billion. Last year, aga
( 34
min )
The electrification of everything is already underway, and there is one extraordinary $23 billion opportunity that investors continue to overlook.
( 41
min )
(Bloomberg) -- Warren Buffett-backed Occidental Petroleum Corp. agreed to buy Canadian startup Carbon Engineering Ltd. for $1.1 billion as the oil producer expands its position as a leader in removing carbon dioxide from the atmosphere. Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-
( 32
min )
If demand is too high, J&J holders who participate will be able to swap only part of their investments for Kenvue
( 27
min )
(Bloomberg) -- PNC Financial Group Services Inc. tapped the US blue-chip bond market for the second time since a regional banking crisis rattled investors earlier this year.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapThe Fed’s Interest-Rate Debate Is Shiftin
( 32
min )
(Bloomberg) -- Sacks Parente Golf Inc. shares skyrocketed 624% in its first day of trading, notching the best initial public offering debut on a US exchange this year.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweeping Georgia Elec
( 30
min )
(Bloomberg) -- VinFast Auto Ltd. soared in its debut as a public company, vaulting its market capitalization beyond that of General Motors Co. and Ford Motor Co., as traders flipped shares of the electric-vehicle maker.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After Crash
( 32
min )
Warren Buffett is widely recognized as the greatest investor of all time, so when he buys new stocks, investors tend to take notice. According to its latest 13F filing, which came out yesterday, Buffett’s Berkshire Hathaway initiated positions in just three new stocks during the second quarter — NVR (NYSE:NVR), Lennar (NYSE:LEN), and D.R. Horton, Inc. (NYSE:DHI). Interestingly, all three are homebuilders. While investors should always do their own due diligence before making any investment, taki
( 34
min )
(Bloomberg) -- VinFast Auto Ltd. soared in its first day of trading as the Vietnamese electric-vehicle maker looks to raise its profile and take on established car manufacturers.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweeping G
( 32
min )
The private-jet membership company agreed to turn over a 95% stake in return for new financing.
( 29
min )
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Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 21
min )
It's always a good sign for stockholders when they see one of the insiders at a company buying shares of company stock. It's well known that insiders may sell shares for dozens of personal reasons that have nothing to do with the company's performance, but generally, insiders are only buyers when they feel the stock price is undervalued and likely to rise over time. It's even more significant when multiple insiders are buying shares of company stock, as that indicates optimism among more than on
( 33
min )
The selloff continues in shares of troubled utility Hawaiian Electric Industries.
The stock fell another 24% on Tuesday after [Monday’s plunge](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-08-14-2023/card/hawaiian-electric-industries-stock-plunges-in-wake-of-deadly-wildfires-UKImN6
( 21
min )
Esmark Inc majority owner and chief executive James Bouchard said in an interview on Tuesday that his steel maker, which does not publicly report its earnings, has cash for its $7.8 billion bid for U.S. Steel Corp sitting in his bank account. Esmark unveiled its offer on Monday after Cleveland-Cliffs Inc, another steel maker, said on Sunday it had made a $7.3 billion offer for U.S. Steel, which the latter rejected. Cleveland-Cliffs said it could afford the deal because it would pay for half of it using its own stock as currency and borrow from banks to help pay for the other half.
( 31
min )
Some borrowers who had enrolled in income-driven repayment plans will start getting their debt discharged this week.
( 32
min )
Despite the fact that delaying the start of your Social Security benefits until age 70 means a 32% increase in the amount you would receive, only 10% of non-retired Americans between the ages of 60 and 65 plan to wait for the larger payout, according to the 2023 Schroders U.S. Retirement Survey. Consider working with […] The post Just 10% of Workers to Wait Until 70 to Take Maximum Social Security Benefits appeared first on SmartReads by SmartAsset.
( 32
min )
Over $22 billion worth of Nvidia's shares were traded as of mid-day, beating out $14 billion of trades in Tesla, which is usually the Wall Street's most traded stock. Nvidia shares rose as much as 3.5% before trimming gains. Nvidia was just one of three stocks in the Philadelphia semiconductor index trading higher on Tuesday after stronger-than-expected U.S. retail sales data stoked worries that interest rates could stay higher for longer, rattling the stock market.
( 32
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Appaloosa nearly tripled its stockholdings, buying up large positions across the tech and semiconductor industries while selling off shares of energy firms.
( 19
min )
(Bloomberg) -- The steep drop in output from US shale wells is turning out to be worse than expected, forcing oil drillers to work even harder to keep production from slipping, research firm Enverus said in its latest report.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After
( 31
min )
Wall Street analysts are still underestimating how much the rise of artificial intelligence could boost revenue, according to New Street Research.
( 35
min )
The U.S. stock market saw robust growth in 2023, with the S&P 500 Index surging by 17%. But according to "Shark Tank" star Kevin O'Leary, it's not all sunshine and rainbows. "The S&P 500 employs 40% of America," he told Fox Business' Larry Kudlow in a recent interview. "Where the cracks are starting to show is in mainstream America where the car loans have gone from five and a half percent to nine and a half percent and continue to go up." The U.S. Federal Reserve has implemented aggressive inte
( 33
min )
I am 57 and have $1.1 million in my 401(k) and $50,000 in a high-yield savings account. I earn $300,000 per year and put $30,000 in my 401(k) each year plus a match on the first 6%. I have a $220,000 mortgage on a home valued at $550,000. I would like to retire at 62 […] The post Ask an Advisor: I Have $1.15 Million Saved and Will Collect $3,500 Per Month in Social Security. Can I Retire at 62? appeared first on SmartReads by SmartAsset.
( 32
min )
Discover Financial shares dropped more than 9% Tuesday after the Riverwoods-Ill.-based company said Roger Hochschild would step down as CEO effective immediately.
Discover board member and ex-Regions Financial executive John Owen will serve as interim CEO and president, the company said after marke
( 23
min )
The currency has now surrendered all of its gains from last year to plumb depths not seen since an investor panic in the early days of the war.
( 31
min )
As we reach the tail end of the 2Q23 earnings season, it’s time to take stock of the current market landscape and gauge the resilience of equities. To start with, the pace of inflation is falling – but remains above the 2% target. Against a background of inflationary pressures and recessionary fears, the second quarter earnings were stagnant – but while the bar was low, most firms cleared it, beating the expectations. In a recent note, BlackRock’s Global Chief Investment Strategist, Wei Li, has
( 35
min )
The $40 billion exchange offer for shares of Kenvue expires Friday, but brokerage firms want retail investors to make their instructions before then.
( 27
min )
The story of United States Steel holds some fascinating history as well as some important lessons for investors.
( 27
min )
The Florida governor needs every friend he can muster to narrow Donald Trump's lead in the polls.
( 32
min )
The Euro has found buyers again on the dip, continuing the overall supportive action.
( 32
min )
Privately held and Pittsburgh-based Esmark has announced an all-cash bid for United States Steel. Few saw that coming after an offer from Cleveland-Cliffs.
( 26
min )
The Vietnamese EV maker VinFast is beginning life as a publicly traded company on the Nasdaq stock exchange.
( 26
min )
Chip maker Nvidia has seen shares nearly triple this year. UBS analyst Timothy Arcuri raised his target price to $540 from $475, and writes "it still seems early to get off this train."
( 27
min )
Privately held and Pittsburgh-based Esmark has announced an all-cash bid for United States Steel. Few saw that coming after an offer from Cleveland-Cliffs.
( 26
min )
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Berkshire Hathaway bought up more than $800 million in home construction stocks last quarter while trimming positions in energy, insurance, materials, and healthcare.
( 20
min )
Home Depot tops report second-quarter earnings estimates, Warren Buffett's Berkshire Hathaway takes a new equity position in home builder D.R. Horton, a new bidder emerges for U.S. Steel, and Discover Financial's CEO resigns.
( 27
min )
(Bloomberg) -- Sea Ltd.’s revenue missed estimates after its e-commerce division posted slowest growth on record, reflecting fallout from economic turbulence and intensifying competition.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Fourth Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashOut of Options and Money,
( 32
min )
Vietnam's electric vehicle maker VinFast could open higher on Nasdaq on Tuesday, based on limited premarket trade, as it makes its debut after a SPAC deal that the company says values it at $23 billion. The valuation, which VinFast and its blank-check partner Black Spade Acquisition calculated using rival EV maker Lucid as the benchmark, is the fourth-highest for such special purpose acquisition company (SPAC) deals, according to data from Dealogic. A few hours before its Nasdaq debut, VinFast more than doubled its value in premarket trading involving less than 4% of its shares.
( 31
min )
Southeast Asian technology firm Sea Ltd missed estimates for second-quarter revenue on Tuesday, as consumers held back spending on Internet and discretionary services. U.S.-listed shares of Sea tanked 14% in trading before the bell. Revenue grew over 5% from a year earlier to $3.10 billion, compared with analysts' estimate of $3.20 billion, according to Refinitiv data.
( 31
min )
The company is seen as a bellwether for big retailers, its numbers offer clues about the health of the U.S. consumer.
( 27
min )
Chinese e-commerce giant JD.com has denied speculation that its billionaire founder Richard Liu Qiangdong and his wife Zhang Zetian had emigrated to the US, crushing the latest rumours surrounding the personal life of one of the country's most well-known entrepreneurs. The Beijing-based firm wrote on its Weibo account on Monday that gossip circulating on social media, alleging that the couple had moved to the US or spent more than US$100 million there to buy luxury homes, were fabricated. It add
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(Bloomberg) -- As headline oil prices edge ever closer to $90 a barrel, there’s little sign of a let up in the day-to-day demand that’s underpinned the rally.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indicted Over Attempts to Overturn Georgia's 2020 Presidential VoteOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Sessio
( 33
min )
(Bloomberg) -- European equities were little changed amid a summer slowdown and after China’s central bank unexpectedly reduced a key interest rate.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indicted Over Attempts to Overturn Georgia's 2020 Presidential VoteOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets
( 32
min )
(Bloomberg) -- The yuan slid to the weakest level since November and China’s sovereign bonds rallied after the central bank unexpectedly cut a key interest rate in an effort to boost its ailing economy.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapTrump Indicted
( 33
min )
MOSCOW (Reuters) -Russia's central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency rate move to try and halt the rouble's weakening past 100 to the dollar after a public call from the Kremlin for tighter monetary policy. The extraordinary rate meeting came after the rouble plummeted past the 100 threshold against the dollar on Monday, dragged down by the impact of Western sanctions on Russia's balance of trade and as military spending soars. President Vladimir Putin's economic adviser Maxim Oreshkin on Monday rebuked the central bank blaming what he called its soft monetary policy on the weakening rouble.
( 30
min )
Buffett's company added a trio of home-construction companies to its stock portfolio last quarter, while it cut or exited several other positions.
( 32
min )
Barron's looked at stocks in the Russell 3000 that have done little for the past five years and identified 10 stocks where improving analyst sentiment could signal better days ahead.
( 27
min )
(Bloomberg) -- China’s central bank unexpectedly reduced a key interest rate by the most since 2020 to bolster an economy that’s facing fresh risks from a worsening property slump and weak consumer spending.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina’s Election With Primary WinChina Finance Giant’s Missed Paymen
( 32
min )
The Church of Jesus Christ of Latter-day Saints' has an investment portfolio topping $100 billion that includes $49.3 billion invested in stocks.
( 31
min )
(Bloomberg) -- Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billion) under management. Now it risks becoming the latest Chinese financial giant to fail.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesTech Giants, Yields Tick Up in Choppy Session: Markets WrapOut of Options and Money, Argentina Presses the Panic ButtonOutsider Milei Upends Argentina’s Election With P
( 33
min )
(Bloomberg) -- Hawaiian Electric Industries Co., which supplies roughly 95% of the state’s residents with power, traces its roots back to 1891, just a decade after King Kalakaua met Thomas Edison to see the incandescent light bulb. Now, the utility is facing what’s shaping up to be the biggest-ever test over its future. Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina’s Elect
( 33
min )
Learn how to lower your income and estate tax bills while building wealth through permanent life insurance.
( 23
min )
Personal loan rates dipped slightly this week to 20.59%, dropping 6 basis points since last week when the average personal loan rate sat at 20.65%.
( 18
min )
Binance Coin (BNB) is the native currency of the Binance exchange which follows the ERC 20 standard.
( 23
min )
U.S. equities slumped, with the S&P 500 tumbling 1.16% on Tuesday, Aug. 15, 2023, amid worries about China's economy and possible Fed rate hikes.
( 17
min )
The European Single Market is an entity created by a trade agreement among participating nations, including the member nations of the European Union.
( 21
min )
The banking sector is weathering impacts from the spring turmoil, but higher credit card debt helped push loan balances higher as consumers borrowed to beat inflation, an FDIC report showed this week.
( 17
min )
Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 19
min )
The Atlanta Fed’s GDPNow tracker estimates GDP will grow at an annual rate of 5% in the third quarter after a surprising jump in retail sales.
( 17
min )
Shares of Wheels Up skyrocketed after Delta Air Lines, Certares Management, and Knighthead Capital Management bailed out the private charter jet provider and took control of the firm.
( 17
min )
Shares of Vietnam-based electric vehicle maker VinFast soared on their first day of trading on the Nasdaq after going public through a special purpose acquisition company.
( 17
min )
A mix of federal and state laws protects borrowers from predatory lenders. These laws range from capping interest rates to banning the practice altogether.
( 28
min )
New crypto projects emerge frequently, which makes it even more important to know how to assess the market.
( 27
min )
The Federal Reserve could keep its benchmark interest rate at least at its current level—the highest since 2001—through the end of the year and beyond, said Neel Kashkari, president of the Federal Reserve Bank of Minneapolis.
( 18
min )
The burning-cost ratio is an insurance industry calculation of excess losses divided by the total subject premium.
( 18
min )
Business inventories ticked 0.1% lower in June, extending the downward trajectory they've been on since hitting highs last year as demand slows.
( 17
min )
A mortgage broker is an intermediary who brings mortgage borrowers and mortgage lenders together but does not use its own funds to originate mortgages.
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Last year was the first to show a decrease since 2008, largely driven by losses in the United States, Japan, China, Canada, and Australia.
( 17
min )
With mortgage rates nearly at 7% per Freddie Mac, builder confidence is starting to stumble.
( 17
min )
Appaloosa nearly tripled its stockholdings, buying up large positions across the tech and semiconductor industries while selling off shares of energy firms.
( 18
min )
Bask Bank offers an attractive pair of savings accounts: One is a typical high-yield savings account, but the other earns American Airlines AAdvantage miles. See if Bask Bank makes sense for your money.
( 22
min )
A closed virtual currency is an unregulated digital currency used as payment only within certain virtual communities.
( 18
min )
Charles Schwab savings account interest rates are higher than the national average, and it doesn’t have monthly fees or minimum deposit requirements.
( 21
min )
A major ratings company warned it may downgrade the outlook for more than 70 U.S. banks, including some of the largest institutions, a move that could push interest rates for consumer loans higher.
( 18
min )
A denomination is the stated or face value of financial instruments such as currency, bonds and other fixed-income investments.
( 18
min )
An Abbreviated New Drug Submission (ANDS) is a written request to obtain marketing approval for a generic drug in Canada.
( 18
min )
Chime’s high-yield savings account doesn’t charge a fee or require a minimum deposit. Learn more about Chime savings account interest rates and other features.
( 22
min )
Value investment manager Baupost bought a stake in Amazon.com in the second quarter, despite Amazon's 2023 stock surge that has more than doubled its price-to-earnings ratio.
( 17
min )
Greenlight Capital, the hedge fund of David Einhorn upped its stake in Net Power and added stakes in Onex Corp. and Activision.
( 17
min )
U.S. equities dropped at midday on Tuesday, Aug. 15, 2023, amid concerns about China's economy and a surprise interest rate cut by the country’s central bank, as well as the possibility of more Fed rate hikes in the U.S.
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min )
Shares of Getty Images tumbled to their lowest level since March after the company reported strikes by TV and movie actors and writers are having a negative impact on revenues.
( 17
min )
E*TRADE savings account interest rates can't compete with the best, but high-net-worth individuals can benefit from its higher FDIC insurance coverage.
( 20
min )
Shares of Sea Limited tumbled after the Singapore-based online retail and gaming site missed sales estimates and indicated it plans to increase spending on e-commerce.
( 18
min )
Determining creditworthiness of smaller and medium-sized corporations isn't as easy as for larger companies, but these tips can help.
( 20
min )
SoFi savings account interest rates are above average and the financial services company charges no bank fees—two reasons this savings option is worth considering.
( 21
min )
Industrial conglomerate Esmark offered to buy U.S. Steel for $7.8 billion, shortly after U.S. Steel rejected a $7.25 billion bid from Cleveland-Cliffs.
( 17
min )
Today's top rates on a nationwide money market account are 5.25% from UFB Direct, 5.21% from Republic Bank of Chicago, and 5.05% from All America Bank and Redneck Bank.
( 20
min )
Renting out a portion of your home to help pay the mortgage sounds like a great idea, but it may not work out the way you planned.
( 22
min )
Home Depot beat profit and sales estimates, despite lower revenue as consumers spent less on discretionary purchases, while the boost from a pandemic-era home improvement boom faded.
( 18
min )
Here are some of the factors that determine how consumers change their spending and saving habits in response to changes in interest rates.
( 20
min )
Shoppers continued to buoy the economy in July, as retail sales came in higher than analysts expected Tuesday.
( 17
min )
Investment fund Pershing Square has cut its stakes in consumer stocks, adding to its Alphabet holdings for AI exposure.
( 17
min )
Mortgage rates climbed again, with the 30-year average rising to its highest level in more than five weeks. Rates were up for most loan types, while a few averages were flat.
( 20
min )
Tesla shares slipped after introducing Model X and S versions in the U.S. that cost about $10,000 less and have a shorter driving range.
( 17
min )
When it comes to weighing whether a bank or a credit union would be better for getting a personal loan, the answer will largely depend on your financial circumstances and personal preferences.
( 23
min )
A detailed look at how federal, state, and local governments can use the law of eminent domain to seize private property that is deemed to be necessary for the public good.
( 25
min )
A guardian is an individual who has been given the legal responsibility to care for a child or an adult who does not have the capacity for self-care.
( 21
min )
A conservatorship is when a court appoints someone to manage the financial and personal affairs of an incapacitated person or minor.
( 23
min )
Racketeering typically refers to crimes committed through extortion or coercion. The term is typically associated with organized crime.
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min )
Despite office market woes, commercial real estate loans topped $3 trillion earlier this year, rising in every region and led by community banks.
( 18
min )
Berkshire Hathaway bought up more than $800 million in home construction stocks last quarter while trimming positions in energy, insurance, materials, and healthcare.
( 18
min )
Hedge fund investor Dan Loeb's fund has pivoted further toward AI, slashing a big stake in defensive stocks such as Colgate to buy Amazon, Nvidia, and TSMC.
( 17
min )
In real-life situations, simple interest works in your favor when you're a borrower but against you when you're an investor.
( 20
min )
There are specific factors that affect a country's overall balance of trade and how it is used as an economic indicator.
( 26
min )
A loss adjustment expense (LAE) is an expense associated with investigating an insurance claim. Learn how LAE helps measure a company’s profitability.
( 22
min )
Sovereign defaults, in which a nation can't pay its debts and is technically bankrupt, are actually more common than you think. Learn more about their impact.
( 24
min )
Moody's provides economic analysis software and rates securities based on assessed risk and the borrower's ability to make interest payments.
( 23
min )
Could cryptocurrency technology help to untangle the beleaguered industry?
( 20
min )
Affordable market value (AMV) is the price charged for an apartment building sold through the FDIC’s Affordable Housing Program.
( 23
min )
De storing bij de Nederlandse Loterij, waardoor overgemaakt geld niet in de digitale portemonnee van deelnemers terechtkwam, is weer verholpen. Het overgemaakte geld wordt teruggestort.
( 3
min )
Diverse economen denken dat ons land in het tweede kwartaal net niet in een recessie is beland. Woensdag worden cijfers hierover bekendgemaakt en de verwachting is dat er een kleine groei is geweest.
( 5
min )
Door een storing bij de Nederlandse Loterij verschijnt overgemaakt geld niet in de digitale portemonnee van klanten. Met de zogeheten wallet kunnen deelnemers meespelen met de verschillende spellen van de Nederlandse Loterij.
( 3
min )
YouTube gaat alle video's verwijderen waarin schadelijke of onbewezen kankerbehandelingen worden gepromoot. De videosite heeft dinsdag een nieuw beleid ingevoerd tegen de verspreiding van medische desinformatie.
( 3
min )
Reizigersorganisatie Rover is niet blij met het plan van NS om de treinkaartjes duurder te maken. Volgens de belangenclub dreigt reizen met de trein voor mensen met een smalle beurs onbetaalbaar te worden.
( 5
min )
Voor het einde van het jaar zal China meer auto's exporteren dan Japan, verwachten onderzoekers van Moody's. Eerder haalden de Chinezen Duitsland en Zuid-Korea al in.
( 3
min )
Voor het einde van het jaar zal China meer auto's exporteren dan Japan, verwachten onderzoekers van Moody's. Eerder haalden de Chinezen Duitsland en Zuid-Korea al in.
( 3
min )
Streamingdienst Netflix gaat naast films en series ook games aanbieden. Om de spelletjes op je televisie te spelen, hoef je geen joystick aan te schaffen. Netflix-klanten kunnen hun smartphone als controller gebruiken.
( 3
min )
Op NU.nl vind je elke dag een stelling die bij het nieuws past. Energiebedrijf Vandebron gaat klanten met zonnepanelen tot tientallen euro's per maand extra in rekening brengen. Als het aan de Tweede Kamer ligt, wordt de salderingsregeling de komende jaren ook afgebouwd. Vandaag is de stelling: "Door extra kosten wordt het steeds minder aantrekkelijk om zonnepanelen te nemen." Breng je stem uit en discussieer mee.
( 2
min )
De roebel daalt al maanden in waarde en de centrale bank in Rusland probeert daar nu met een stevige rente-ingreep een einde aan te maken. Dat lijkt direct na het besluit ook even te werken.
( 3
min )
Op NU.nl vind je elke dag een stelling die bij het nieuws past. Energiebedrijf Vandebron gaat klanten met zonnepanelen tot tientallen euro's per maand extra in rekening brengen. Als het aan de Tweede Kamer ligt, wordt de salderingsregeling de komende jaren ook afgebouwd. Vandaag is de stelling: "Door extra kosten wordt het steeds minder aantrekkelijk om zonnepanelen te nemen." Breng je stem uit en discussieer mee.
( 2
min )
Streamingdienst Netflix gaat naast films en series ook games aanbieden. Om de spelletjes op je televisie te spelen, hoef je geen joystick aan te schaffen. Netflix-klanten kunnen hun smartphone als controller gebruiken.
( 3
min )
Energiebedrijf Vandebron gaat klanten met zonnepanelen tientallen euro's per maand extra in rekening brengen. Ruim 70.000 klanten gaan meer meebetalen aan de kosten voor het terugleveren van stroom aan het netwerk.
( 4
min )
De Chinese economie zit in zwaar weer. De economische groei is zeer laag en er is sprake van deflatie, waarbij prijzen dalen mede doordat consumenten minder uitgeven. De Chinese centrale bank probeert met een renteverlaging voor herstel te zorgen.
( 3
min )
Energiebedrijf Vandebron gaat klanten met zonnepanelen tientallen euro's per maand extra in rekening brengen. Ruim 70.000 klanten gaan meer meebetalen aan de kosten voor het terugleveren van stroom aan het netwerk.
( 4
min )
Commerciële schepen die door het Panamakanaal varen, krijgen te maken met lange wachtrijen en vertragingen als gevolg van een langdurige droogte die het Midden-Amerikaanse land teistert.
( 3
min )
Today's best CD rates are 5.90% from Pelican State Credit Union for two years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 20
min )
Advisors can help clients experiencing grief by following these five tips.
( 24
min )
Estimated long-term return is a hypothetical measure that forecasts an investor's expected return over the life of an investment.
( 18
min )
The S&P 500 rose 0.6% on Monday, Aug. 14, 2023, while the Dow and Nasdaq gained as well, as semiconductor stocks boosted the indexes.
( 16
min )
Eli Lilly shares hit an all-time high as the drugmaker closed two acquisitions, including one related to the hot market for weight-loss treatments.
( 17
min )
Digital art and cryptocurrency enthusiasts may appreciate an NFT gift for the holidays.
( 26
min )
Shares of Hawaiian Electric Industries plunged to their lowest level in more than 13 years on concerns the power company could face liability claims related to the wildfires in Maui.
( 17
min )
Former Apple executive, Peter Stern, will craft new customer experiences at Ford, as the company expands it's electric fleet and self-driving technology.
( 17
min )
Client attrition after the fallout of the merger between Charles Schwab and TD Ameritrade is still in-line or slightly better than the company's predictions for the year, but Charles Schwab stock continues to disappoint on the charts despite earnings beats.
( 17
min )
Check U.S. Bank’s current savings account interest rates, and see how they compare to the top accounts in the market today.
( 20
min )
USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.
( 20
min )
It's no longer a free ride, but there are still tax benefits to doing so.
( 19
min )
Swell is Ripple's annual conference for leaders in the cryptocurrency space.
( 22
min )
AMC won court approval for converting its APE shares to common stock to end shareholder litigation and paves the way for the company to raise much-needed capital.
( 17
min )
Completed operations insurance is a term for insurance that covers a contractor's liability once contracted operations cease.
( 17
min )
U.S. equities were mixed at midday on Monday, Aug. 14, 2023, ahead of key earnings reports and consumer spending data.
( 17
min )
Consumers are the most optimistic about inflation that they've been since April 2021—which could be a good sign for the economy.
( 17
min )
The term "as their interests may appear" (ATIMA) is a standard line in a business insurance plan that covers other parties doing business with the insured.
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Getting a personal loan may seem daunting, but as with so much else, the internet makes it easy. Learn how to get a personal loan online.
( 23
min )
The times-revenue method determines the maximum value of a company as a multiple of its actual revenue for a set period.
( 23
min )
U.S. equities were mixed at midday on Monday, Aug. 14, 2023, ahead of key earnings reports and consumer spending data.
( 17
min )
Shares of Nikola sank after the electric vehicle maker voluntarily recalled 209 of its Class 8 Tre semi-trucks because of potential battery fires.
( 16
min )
If the system is rigged, as Warren sees it, it must be broken and remade. Here's how she plans to.
( 27
min )
U.S. Steel's shares surged on Monday after it rejected an unsolicited offer worth $7.25 billion Cleveland-Cliffs, and said it was reviewing strategic options.
( 17
min )
PayPal shares rose in early trading on Monday after it tapped Intuit's Alex Chriss as its new CEO.
( 17
min )
It's been a job-seekers' market nationwide as the economy has recovered the pandemic, but the number of jobs openings is outstripping the available workers in some states more than others.
( 19
min )
Pink market stocks can increase portfolio returns by large magnitudes in a short time but come with significant risks associated with OTC markets.
( 23
min )
Using more than one financial advisor for money management has its pros and cons.
( 20
min )
Apple supplier Foxconn, the world's biggest contract electronics maker, beat estimates for second-quarter earnings as demand for artificial intelligence infrastructure soared.
( 18
min )
Stocks trading on the OTC Pink Open Market include many good companies waiting to be discovered. Find out more about the OTC's three markets.
( 24
min )
"Pink sheets" is an outdated term used to describe stocks that trade over-the-counter (OTC) in the U.S. rather than on a major stock exchange.
( 26
min )
Tesla shares slid after cutting prices on some models in China, raising concerns about an EV price war.
( 18
min )
A lending facility is used by central banks when lending funds to primary dealers that can conduct business with the U.S Federal Reserve.
( 22
min )
There are many methods used by the government to control inflation; one popular method is contractionary monetary policy.
( 26
min )
Social media sites and apps have helped people around the world to connect and create virtual communities based on common interests.
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min )
Care, custody, or control (CCC) is a liability insurance exclusion that removes indemnification for the insured when a property is in their care.
( 19
min )
Learn about the responsibilities of the International Monetary Fund and its functions regarding the international monetary system's stability.
( 21
min )
Ground-up loss is the total amount of loss covered by an insurance policy. It is an important number to know when choosing plans.
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min )
Het aantal fotografen in Nederland is de afgelopen vijf jaar flink gegroeid. Vooral het aantal vrouwen in de fotografie nam toe.
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min )
Luchtvaartmaatschappij Ryanair moet 400 euro betalen aan passagiers die afgelopen najaar vertraging opliepen omdat een steward te veel alcohol had gedronken.
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min )
Wie met de trein naar bijvoorbeeld Berlijn of Parijs wil, heeft straks meer keus. Volgens een nieuw contact tussen de overheid en het spoorbedrijf rijden er de komende jaren meer treinen op diverse internationale trajecten.
( 4
min )
Big Bazar sluit twintig winkels die verlies maken en wil voor nog twintig winkels huurverlagingen krijgen. Volgens directeur Heerke Kooistra is dat nodig om de koopjesketen "gezond te houden".
( 4
min )
Budgetvlieger Ryanair annuleert maandag en dinsdag 88 vluchten van en naar het vliegveld in de Belgische stad Charleroi vanwege een staking van piloten. Dat meldt de Belgische luchthaven, die doorgaans ook door veel Nederlanders wordt bezocht.
( 3
min )
Hoewel de roebel behoorlijk in de verdrukking zit, werkt Rusland toch aan een digitale variant van de eigen valuta. De digitale roebel wordt vanaf dinsdag voor het eerst in de praktijk getest. De daadwerkelijke invoering moet al in 2025 gebeuren.
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min )
Het Nederlands Forensisch Instituut (NFI) heeft mede dankzij een Europees samenwerkingsproject honderden cryptotelefoons van zware criminelen kunnen kraken. Misdadigers gebruiken zulke telefoons om niet afgeluisterd te kunnen worden.
( 3
min )
Van alle studenten die komend studiejaar recht hebben op een basisbeurs, heeft zo'n 90 procent de beurs inmiddels aangevraagd. Maandag staat de teller op 391.288. Begin juli waren ruim 200.000 aanvragen ingediend.
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min )
Investeringsbedrijf Exor heeft zich voor 15 procent ingekocht bij Philips. De investeerder is in handen van de Italiaanse familie Agnelli, die ook achter onder meer het automerk Fiat en voetbalclub Juventus zit.
( 3
min )
De energiecrisis is nog niet voorbij, waarschuwde een bestuurder van Essent-moederbedrijf E.ON eerder deze week. De energieprijzen zouden bij een koude winter opnieuw kunnen oplopen. Wat kunnen we verwachten?
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min )
De energiecrisis is nog niet voorbij, waarschuwde een bestuurder van Essent-moederbedrijf E.ON eerder deze week. De energieprijzen zouden bij een koude winter opnieuw kunnen oplopen. Wat kunnen we verwachten?
( 4
min )
President Joe Biden released a statement Monday outlining what the Detroit automakers and UAW should be looking to achieve in a new contract.
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min )
The end of earnings season always offers an opportunity to figure out what lies in store for the following months. With the Q2 results for companies in the energy sector now available, it’s time to look toward the key investment themes ahead in the space. That’s exactly what Goldman Sachs analysts have been doing. While the energy team remains “constructive” on Energy Service companies as a whole, moving forward, they see the “importance of idiosyncratic self-help drivers” as a key theme that wi
( 35
min )
2023 has been a strong year in US markets thus far with the S&P 500 (INDEX: .INX) up 17%. This has been led by tech giants like Apple Inc (NASDAQ: APPL), up 43.06% YTD, and Meta Platforms Inc, (NASDAQ: FB) up over 143% since the start of the year. But few stocks have done as well as NVIDIA Corp (NASDAQ: NVDA), up a whopping 202.4% YTD. NVIDIA’s success, and that of much of tech, has come from its involvement in artificial intelligence. The company produces “superchips” that underlie the technolo
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min )
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Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 21
min )
Berkshire Hathaway also added to its investment in Capital One Financial and eliminated a position in McKesson.
( 26
min )
U.S. Steel previously rejected a cash-and-stock offer from rival Cleveland-Cliffs; Esmark says it will pay $35 a share in cash.
( 28
min )
Warren Buffett’s Berkshire Hathaway bought roughly $4.6 billion of stocks in the second quarter.
Here are some of the changes the company made to its stock portfolio in the three months through June, according to its latest 13F filing released after the bell Monday.
New Positions:
**D.R. Ho
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Eli Lilly shares hit an all-time high as the drugmaker closed two acquisitions, including one related to the hot market for weight-loss treatments.
( 18
min )
(Bloomberg) -- He once ended an earnings call with a diatribe calling out a Goldman Sachs Group Inc. analyst by name: “You can run, but you can’t hide.” Three years later, another Goldman analyst was “W-R-O-N-G wrong.” Other targets have been “blind,” “horrible” and embarrassments to their parents. Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapO
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min )
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Client attrition after the fallout of the merger between Charles Schwab and TD Ameritrade is still in-line or slightly better than the company's predictions for the year, but Charles Schwab stock continues to disappoint on the charts despite earnings beats.
( 17
min )
Stocks look overpriced relative to corporate profits and risk-free assets like government bonds, and higher interest rates will bite, Gross said.
( 31
min )
Former Disney CEO Michael Eisner has struck a deal to sell Bazooka Candy Brands to global buyout firm Apax Partners in a deal that values the iconic gum maker at around $700 million including debt.
( 27
min )
What does the currency’s collapse mean for Vladimir Putin’s ability to wage war?
( 32
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The $40 billion exchange offer for shares of Kenvue expires Friday but brokerage firms want retail investors to make their instructions before then
( 26
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Michael Burry, the money manager made famous in the book and film "The Big Short," held bearish options against the broad S&P 500 and Nasdaq 100 Index at the end of the second quarter, according to securities fillings released on Monday. Burry's Scion Asset Management bought put options with a notional value of $739 million against the popular Invesco QQQ Trust ETF during the quarter, and separate put options with a notional value of $886 million against the SPDR S&P 500 ETF. Michael Lewis' nonfiction book "The Big Short" was released in 2010 and the movie version came out in 2015.
( 31
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(Bloomberg) -- Investors are bailing out of the biggest exchange-traded fund devoted to Treasuries at the fastest pace since markets were hammered during the early months of the pandemic.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOutsider Milei Upends Argentina’s Election With Primary WinBig Tech Back in the Driver’s Seat as Stocks Climb: Markets WrapChina Finance Giant’s Missed Payments Alarm Regulators, MarketsZuckerberg Says ‘Time to Move On’ From Musk Cag
( 31
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The Russian ruble fell to its lowest level in 16 months on Monday morning as the currency continues to take a beating from its invasion of Ukraine.
( 32
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(Bloomberg) -- Argentina devalued the official peso about 18%, an admission by the government that it ran out of options to defend an unsustainable exchange rate amid dwindling reserves after a heavy electoral defeat on Sunday.Most Read from BloombergRuble Plunges Past 100 Per Dollar as Infighting Goes PublicOutsider Milei Upends Argentina’s Election With Primary WinZuckerberg Says ‘Time to Move On’ From Musk Cage FightUS Steel Soars After It Rejects $7.25 Billion Cliffs BidAmerica’s Fastest Gro
( 31
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AMC Entertainment CEO Adam Aron said a court decision to allow the company’s reverse 1-for-10 stock split was an "absolute imperative" in the wake of the COVID-19 pandemic.
( 31
min )
President Joe Biden is asking major U.S. automakers and their workers' union to reach an agreement that takes “every possible step to avoid painful plant closings” as the sector transitions to electric vehicles. The president has not yet been by the United Auto Workers as he seeks reelection, despite his broad support from organized labor going into the 2024 campaign. The UAW represents 146,000 workers at Ford, General Motors and Stellantis, which are commonly known as the big three automakers.
( 32
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A “modest number” of advisors who custodied client money at TD Ameritrade moved their business elsewhere, according to Schwab.
( 26
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The United Steelworkers (USW) international president said on Monday that the union supports North American steel producer Cleveland-Cliffs' bid to acquire rival, United States Steel Corp, adding that the company is the best strategic buyer. Cleveland-Cliffs said on Sunday that it offered to buy U.S. Steel in a cash-and-stock deal valued at $35 per share, which represented a premium of 43% to U.S. Steel's last closing price. Cliffs went public with its offer after U.S. Steel rejected the bid as being "unreasonable" and instead announced a formal review process, saying the company received multiple bids for parts or all of its business.
( 31
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(Bloomberg) -- PayPal Holdings Inc. named Alex Chriss chief executive officer, tapping a longtime fintech executive with a focus on small businesses to lead the beleaguered payments giant.Most Read from BloombergRuble Plunges Past 100 Per Dollar as Infighting Goes PublicOutsider Milei Upends Argentina’s Election With Primary WinZuckerberg Says ‘Time to Move On’ From Musk Cage FightUS Steel Soars After It Rejects $7.25 Billion Cliffs BidAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ Ma
( 33
min )
The U.S. stock market showed impressive gains in 2023, and the latest gross domestic product (GDP) figure exceeded expectations. But according to "Rich Dad Poor Dad" author Robert Kiyosaki, the picture might not be as rosy as it appears. "Don't they know the stock market is up because Biden raised debt ceiling. America's debt is going up ... so stock market going up," he wrote in a recent tweet. "America is broke." The author's concern about America's escalating debt was echoed by Fitch Ratings.
( 32
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Wells Fargo maintains an Underweight rating on Hawaiian Electric stock, and lowers the price target to $25 from $35.
( 26
min )
Intuit executive Alex Chriss will become the president and CEO of digital payments company PayPal next month. Chriss will take over the CEO post from Dan Schulman, who told PayPal's board in February that he planned to retire at the end of the year. Schulman will stay on PayPal's board until its next annual shareholders meeting in May 2024.
( 31
min )
Nvidia is Morgan Stanley's top stock pick going into earnings, with a price target on the shares that implies another big rally for the chipmaker.
( 26
min )
Two suburban Philadelphia pharmaceutical companies are set to tie-up in a deal valued at up to $200 million.
( 11
min )
IBM CEO Arvind Krishna announced a hiring pause in May, but that’s not all. Later that month, the CEO also stated the company plans to replace nearly 8,000 jobs with AI. Krishna noted that back-office functions, specifically in the human resources (HR) sector, will be the first to face these changes. In recent weeks, the company has opened up dozens of positions for AI-based roles to help develop and maintain these systems. See more on startup investing from Benzinga: Until 2016 it was illegal f
( 32
min )
(Bloomberg) -- The ruble crashed through the level of 100 to the dollar for the first time since March last year, as political infighting spilled into public view at a time when Russia’s war in Ukraine drags on and international sanctions throttle the economy. Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightAmerica’s Fastest Growing City Is Embracing ‘Ye
( 33
min )
The history books show that the 9 months beginning October of a midterm election year prove to be the most consistently profitable spell in the stock market. Given the stock market gains recorded in the 9 months since last October, that trend played out again as expected. It’s a period billionaire Ken Fisher has termed the ‘midterm miracle.’ The nice thing about that timeframe, says Fisher, is that it is usually followed by another strong period, albeit not quite as fruitful. Fisher has a term f
( 34
min )
Wells Fargo maintains an Underweight rating on Hawaiian Electric stock, and lowers the price target to $25 from $35.
( 26
min )
Alex Chriss will succeed Dan Schulman as chief executive effective Sept. 27, the company said.
( 27
min )
AMC Entertainment's shares slid 35% on Monday on fears that the approval of a revised stockholder settlement will allow the company to issue more shares to raise capital, a move that will dilute the worth of each common share. The common shares dropped to $3.45, levels just before the meme stock mania of January 2021 when retail traders hyped up the stock on online forums like Reddit. The preferred stock units called "APE", which trade at a significant discount to common shares, jumped 15% to $2.05.
( 32
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The common shares of the theatre chain operator fell 38% to $3.25 in premarket trading, while its preferred shares rose 18% to $2.09. AMC aims to increase its Class A common stock to 550 million from about 524 million, it said in a regulatory filing. The company would make a settlement payment of one Class A common stock for every 7.5 Class A shares to the entitled shareholders after the reverse stock split.
( 31
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Chesapeake Energy is finally exiting the Eagle Ford Shale in South Texas thanks to a $700 million deal with a Houston-based company.
( 11
min )
My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets. If one or both of us have to go into … Continue reading → The post Ask an Advisor: Can a Nursing Home ‘Take Our IRA?' My Wife and I Are Elderly. We Have a $100K IRA and a Trust to Protect Our Assets. appeared first on SmartAsset Blog.
( 34
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Paying for a nursing home can seriously deplete your retirement savings. The government-funded Medicaid program can pay some or all nursing home costs, but it's restricted to people of very limited financial means. You may be able to qualify for … Continue reading → The post Does an Irrevocable Trust Protect Assets from Nursing Homes? appeared first on SmartAsset Blog.
( 33
min )
The company announced a voluntary recall of more than 200 of its battery-electric heavy-duty trucks due to the possibility of battery fires.
( 26
min )
(Bloomberg) -- Charles Schwab Corp. said it’s experiencing temporarily lower net flows of client money as the brokerage sees attrition of some retail and advisory clients’ assets while it integrates TD Ameritrade into its business.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaUS Steel Share
( 31
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Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services. In recent months, consumers have been spending more on services such as travel and entertainment, while cutting down on non-essential purchases including clothing and home goods amid high inflation. "Target is going to suffer more versus the others because they have a much larger consumer discretionary element to their business," Edward Jones analyst Brian Yarbrough said.
( 32
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AMC Entertainment's shares slid 35% in premarket trading on Monday on fears that the approval of a revised stockholder settlement will allow to company to issue more shares to raise capital, a move that will dilute the worth of each common share. The common shares dropped to $3.45 in trading before the bell. The preferred stock units called "APE", which trade at a significant discount to common shares, jumped 27.5% to $2.27.
( 32
min )
The company announced a voluntary recall of more than 200 of its battery-electric heavy-duty trucks due to the possibility of battery fires.
( 26
min )
The billionaire Lloyd Blankfein even reportedly offered to come back to the company.
( 32
min )
The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and weaken demand for the national currency. President Vladimir Putin’s economic adviser, Maksim Oreshkin, on Monday blamed the weak ruble on “loose monetary policy” in an op-ed for state news agency Tass. Oreshkin said Russia’s central bank has “all the tools necessary” to stabilize the situation and said he expected normalization shortly.
( 31
min )
Nikola Corp. shares fell in early trading after the manufacturer announced it will recall trucks and temporarily stop sales after several battery fires.
( 31
min )
(Bloomberg) -- It’s a decisive week for investors looking to get involved in Johnson & Johnson’s record split-off of most of its $40 billion stake in Kenvue Inc., the maker of Tylenol and Listerine.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaUS Steel Shares Soar After It Rejects $7.25 Bil
( 33
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Cleveland-Cliffs, the largest flat-rolled steel producer in North America, said on Sunday it offered to buy U.S. Steel in a cash-and-stock deal valued at $35 per share, which represented a premium of 43% premium to U.S. Steel's last closing price. Despite the surge, shares of U.S. Steel were trading well below the offer price at $27.92, indicating some investors believe a deal may not happen at that price.
( 31
min )
The Charlotte banking veteran, who retired this year, is widely credited for leading Wells Fargo's transformation after its fake-accounts scandal. Here, she talks to CBJ about that process, her 38-year career and retirement plans.
( 17
min )
Bank of China Ltd, China's fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level managers in response to Beijing's "common prosperity" drive, three sources with knowledge of the matter said. President Xi Jinping launched the common prosperity drive in 2021 as an effort to reduce income inequality, which could threaten long-term economic growth and even the legitimacy of Communist Party rule. The move follows pay cuts being made at investment banks such as China International Capital Corp (CICC).
( 32
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The company has agreed to offload about 42,000 net acres and about 540 wells of its Eagle Ford asset located in Dimmit and Webb counties, along with related property, plant and equipment. In February, the gas producer agreed to sell a portion of its Eagle Ford asset to INEOS Energy for $1.4 billion.
( 31
min )
U.S. Steel rejects Cleveland-Cliffs bid and explores options, retailers reporting earnings, and other news to start your day.
( 26
min )
It's all about stock dilution. A court ruling paves the way for APE units to be converted into common AMC stock, diluting the float.
( 27
min )
Toyota Tundra and Tundra Hybrid vehicles, and Chrysler Jeep Wagoneer and Grand Wagoneer cars among 270,000 vehicles recently recalled.
( 34
min )
(Bloomberg) -- About three years after Texas oil producer Denbury Inc. emerged from bankruptcy, four top executives are set to collect the final installment of a $121.5 million post-reorganization pay deal that rivals some of the industry’s most generous compensation packages.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightGoldman Pencils In Firs
( 34
min )
The industry’s wartime windfall is dwindling.
( 21
min )
The European medical-technology supplier is starting to emerge from a torrid period marked by the recall of machines for treating sleep apnea.
( 26
min )
Bitcoin is seeing a period of historically low volatility. The absence of movement despite catalysts is beginning to look troubling to analysts.
( 26
min )
Foxconn’s results mirror those of Apple’s most recent numbers, which showed a drop in iPhone and iPad sales.
( 26
min )
The company, which was built by Andrew Carnegie and J.P. Morgan, might not be independent for much longer.
( 32
min )
U.S. Steel rejects an unsolicited buyout offer from rival Cleveland-Cliffs, Tesla again cuts prices in China, and AMC stock tumbles after a court approves the movie-theater chain's revised stock-conversion plan.
( 27
min )
(Bloomberg) -- Hon Hai Precision Industry Co. now expects 2023 sales to fall after previously forecasting flat revenue, sounding a warning about demand for the devices it makes for Apple Inc. and other global firms.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a
( 32
min )
(Bloomberg) -- Trading in European stocks was muted on Monday as investors weighed signs of trouble in the Chinese property market before turning their attention to Federal Reserve policy minutes later in the week.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a W
( 31
min )
(Bloomberg) -- The Agnelli family’s Exor NV bought a minority stake in Dutch medical technology company Koninklijke Philips NV.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaOutsider Milei Upends Argentina’s Election With Primary WinGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a Waiting Game to Try to Avoid a RecessionExor, a holding company, bought a 15% stake in P
( 31
min )
(Bloomberg) -- China’s State Council released a plan to further attract foreign investment and improve the business environment, including tax and visa measures, as it seeks to bolster the flagging economy. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidChina aims
( 31
min )
The rouble fell past 100 per U.S. dollar on Monday just as President Vladimir Putin's economic advisor said Russia was interested in a strong rouble and said that loose monetary policy was the main reason behind the Russian currency's weakening. The rouble fell to 100.35 roubles against the U.S. dollar in early trade. "The current exchange rate has deviated significantly from fundamental levels, and its normalization is expected in the near future," Putin's economic advisor Maxim Oreshkin told TASS news agency.
( 30
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(Bloomberg) -- Country Garden Real Estate Group Co Ltd. said it will suspend trading in nearly a dozen onshore bonds starting Monday, two days after the Chinese real estate company’s controlling shareholder said it would report a multi-billion-dollar loss for the first half of this year.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsoli
( 32
min )
Asian stock markets tumbled Monday after stronger U.S. inflation revived worries the Federal Reserve might hike interest rates again. Hong Kong's main market index plunged 2.4%. Wall Street's benchmark S&P 500 index slipped 0.1% on Friday after government data showed producer price inflation accelerated in July.
( 34
min )
Caterpillar and DuPont are among the big companies that are lowering their expectations for a postpandemic boom.
( 27
min )
It's been a nervy start to the week in Asia as concerns about China's debt-laden property sector take a toll on stocks and the yuan, which hit its lowest in a month despite a strong fix from the PBOC. Chinese blue chips lost 1.1%, on top of a 3.4% decline last week. One month of negative consumer prices is not really deflation, which is defined as a sustained fall in the price level across an economy.
( 31
min )
The market cap of TrueUSD has more than doubled since March, but some investors are concerned about its opaque ownership structure.
( 27
min )
(Bloomberg) -- Tesla Inc. rolled out a new round of price cuts in China, sending auto stocks tumbling on concerns the move will respark a bruising price war that had showed signs of abating. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Outsider Milei Upends Argentina’s Election With Primary WinUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidThe Fed Is Playing a Waiting Game to Tr
( 32
min )
(Bloomberg) -- Tesla Inc. has cut the price of its two higher-end Model Y vehicles in China by 14,000 yuan ($1,900) in the latest salvo in a bruising price war. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowThe electric vehicle maker cut the price of its Model
( 31
min )
Asian stock markets tumbled Monday after mixed U.S. economic data revived worries the Federal Reserve might hike interest rates again. Hong Kong's main market index plunged 2.3% and Shanghai, Tokyo and Sydney also fell. Wall Street's benchmark S&P 500 index slipped 0.1% on Friday after government data showed producer price inflation accelerated in July.
( 34
min )
(Bloomberg) -- One of China’s largest private wealth managers is triggering fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield products.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidThe Fed Is Play
( 33
min )
(Bloomberg) -- Hedge funds turned the most bullish on the Australian dollar than they’ve been at any point this year, just before concerns over a slowing Chinese economy pummeled the currency.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidLeveraged funds’ Aussie po
( 31
min )
(Bloomberg) -- China’s benchmark stock index is set to erase all of the gains it made since a key political meeting was held in late July as the economy struggles to gain momentum and optimism over stimulus wanes. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowT
( 30
min )
U.S. bank Citigroup has completed the sale and migration of its Taiwan consumer businesses to Singapore's DBS Group, it said on Monday. The now transferred retail business includes retail banking, credit card, mortgage and unsecured lending businesses, as well as the transfer of close to 3,000 employees. Citi's institutional business in Taiwan was excluded from the sale.
( 31
min )
HONG KONG (Reuters) -Shares of China's Country Garden plunged more than 12% on Monday morning after the real estate company suspended trading in 11 of its onshore bonds from Monday. Markets are jittery as more developers default on bond payments amid no signs of stronger support measures from Beijing. Country Garden last week missed payments of two dollar bond coupons due on Aug. 6 totalling $22.5 million, confirming market fears that the developer was slipping into repayment troubles.
( 31
min )
Bitcoin dipped slightly, having hovered around the $29,380 level throughout the weekend. Ether and most other top 10 crypto were little changed.
( 33
min )
United States Steel Corp. said Sunday that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs and was reviewing “strategic alternatives” after receiving several unsolicited offers. Pittsburgh-based U.S. Steel said it rejected the offer because Cleveland-Cliffs was pushing it to accept the terms without being allowed to conduct proper due diligence.
( 32
min )
Here's why Cleveland-Cliffs wanted to buy US Steel.
( 15
min )
(Bloomberg) -- Asian equities were set to fall on Monday after shares on Wall Street capped off a poor week on a down note and as China’s worsening property slump damps market sentiment.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowFutures for stocks in Austral
( 33
min )
Asian shares struggled on Monday ahead of China data that is likely to amplify the case for serious stimulus even as Beijing seems deaf to the calls, while rising Treasury yields pressured sky-high valuations on tech stocks and underpinned the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan eased another 0.2%, after shedding 2% last week. Japan's Nikkei was off 0.1%, though exporters have drawn support from the weak yen.
( 32
min )
(Bloomberg) -- Foreign investors are losing interest in China, and hedge funds that target the world’s second-biggest economy are paying the price.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowThe number of active China-focused hedge funds has slipped for the f
( 33
min )
(Bloomberg) -- Gas is back as a risk to the global economy with potential strikes in major producer Australia threatening to shatter the fragile balance of global supplies -- and send consumer bills rising once more.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish Shado
( 33
min )
(Bloomberg) -- Oil edged lower after capping seven weeks of gains — the longest rally since mid-2022 — driven by signs of a tightening market.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowWest Texas Intermediate fell below $83 a barrel following the 20% surge i
( 31
min )
PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the decision was predictable.
( 33
min )
Cleveland-Cliffs disclosed Sunday afternoon that it had made an offer for United States Steel Corp. that was rejected by the Pittsburgh-based company's board. Cleveland-Cliffs said it was still willing to engage in talks to reach a merger agreement.
( 11
min )
Plug Power will borrow up to $1.5 billion over the next 18 months as the Latham manufacturer focuses on expanding its network of hydrogen generation plants.
( 10
min )
Boosted by the AI craze, it’s been a vintage year for tech stocks, but the summer season is proving to be a bit shakier so far. Since mid-July, the trend has been down, with the tech-heavy NASDAQ shedding ~5%. This naturally raises the question: should we be ringing the alarm bells due to this shift? Not at all, says Wedbush’s Daniel Ives, a 5-star analyst rated in the top 2% of the Street’s stock pros. Ives believes that the new bull market is simply taking a breather, and he asserts that the p
( 34
min )
The steel company built by Andrew Carnegie and J.P. Morgan might not be independent for much longer.
( 26
min )
(Bloomberg) -- Cleveland-Cliffs Inc. said it made a bid to purchase United States Steel Corp. in a cash and stock deal as it looks to create one of the world’s largest steelmakers.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowUS Steel Explores Strategic Alternatives After Getting Unsolicited BidsDavid Solomon Scrutiny Spreads From Goldman to Alma MaterHackers Trick AI With ‘Bad Math’ to Expose
( 31
min )
Hedge fund legend Ray Dalio and economist Nouriel Roubini are among commentators who have warned of a full-blown debt crisis headed for the US.
( 33
min )
All eyes were on San Francisco this week as critics and supporters of deploying self-driving cars on public roads awaited a vote from the California Public Utilities Commission. Tl;dr: it was a win for the autonomous vehicle industry. If you haven't been following, the CPUC approved the last remaining permits to Cruise and Waymo, giving the two companies the green light to offer commercial robotaxi services across San Francisco 24 hours a day, seven days a week.
( 34
min )
(Bloomberg) -- Goldman Sachs Group Inc. economists anticipate the Federal Reserve will start lowering interest rates by the end of next June, with a gradual, quarterly pace of reductions from that point.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowDavid Solomon Scrutiny Spreads From Goldman to Alma MaterHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesLook to the Options Market for
( 31
min )
We'll see earnings from Walmart, Ross Stores, Applied Materials, Cardinal Health, and others. Economic data for the week will include Fed minutes, retail sales, and housing figures.
( 27
min )
(Bloomberg) -- United States Steel Corp. says it is initiating a formal review of strategic alternatives after it received “multiple unsolicited” proposals.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesLook to the Options Market for Signs of Stock Market TroubleThe proposals rang
( 31
min )
The decision follows the company "receiving multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole company," CEO David Burritt said, without disclosing more details on the strategic alternatives. U.S. Steel, which has been raising prices to offset the impact from higher costs related to raw materials and energy, has seen strong demand for its steel products helping the company beat profit estimates for the second quarter.
( 31
min )
On Friday, the average 30-year fixed mortgage rate jumped to 7.19%. But where will it go next?
( 32
min )
(Bloomberg) -- Saudi Arabia has completed an early purchase of more than 35.7 billion riyals ($9.5 billion) of outstanding debt and will issue about 35.9 billion riyals in sukuk as the kingdom plans to bolster its domestic market.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowLook to the Options Market for Signs of Stock Market TroubleHac
( 30
min )
(Bloomberg) -- Bitcoin ETF candidates got another dose of disappointment when US regulators on Friday punted on making a decision on such a product. But the next time they hear from them might be just a few weeks away. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowHackers Trick
( 32
min )
Yes, it was a dumb move if you think short term. But long term, it still seems like a good bet.
( 26
min )
Inflation has begun to cool, and that may translate to some assets. The Treasury's Series I Bonds, or " I bonds," are no longer the prized savings tool they were 12 months ago. As cost increases slowed over the past year as Federal Reserve raised interest rates, it was inevitable that this inflation-tied asset would […] The post The Series I Bond Frenzy is Dying Down. Is Now the Time to Cash Out? appeared first on SmartReads by SmartAsset.
( 32
min )
Building wealth is one thing. Feeling comfortable is another entirely.
( 32
min )
An irrevocable trust is a legal entity that cannot be altered, amended or revoked after its creation. Irrevocable trusts are typically established to protect assets from creditors, benefit the beneficiaries and minimize estate taxes. But there are circumstances that warrant the termination of an irrevocable trust like when its purpose is fulfilled or its assets […] The post Tax Consequences of Terminating an Irrevocable Trust appeared first on SmartReads by SmartAsset.
( 33
min )
With the second-quarter earnings season coming to a close, companies have exceeded analysts’ estimates at a greater rate than usual. Yet investors aren’t rewarding positive surprises.
( 25
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(Bloomberg) -- The old playbook of selling emerging-market bonds when Treasury yields spike is being upended by the positive dynamics favoring developing-nation debt. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowEmergin
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Calpers scooped up volatile stocks including game firm Roblox, EV maker Lucid, and PC manufacturer HP in the second quarter. It cut back on Intel.
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Tapestry, Inc. (TPR) the parent company of brands such as Coach and Kate Spade, has acquired Capri Holdings Limited (CPRI), home to brands Versace, Jimmy Choo, and Michael Kors, in a deal worth about $8.5 billion. Here are some of the lesser known parent brands of the world's biggest luxury brands.
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Retailers Home Depot, Target and Walmart will headline the companies slated to report quarterly results this week. Mortgage applications data will also be released.
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Most investors know that stocks follow earnings. That’s a fact.
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Kroger, Giant Eagle and other grocers expand their prepared meals. Meanwhile, Chipotle, Taco Bell and other restaurants aim to defend their turf.
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More vacationers are getting it as severe weather and other threats put expensive trips at risk.
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Billionaire activist investor Carl Icahn is weathering one of his career’s most trying periods, but some on Wall Street say don’t count him out yet.
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(Bloomberg) -- Freezing winter weather seems a remote concern as Europe swelters, but traders and strategists got a reminder last week of the continent’s fragile energy security and bond-market risks. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesMaui Now Looks a Lot Less Like Parad
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Berkshire is due to release its quarter 13-F filing Monday the make-up --and any changes -- in its $350 billion equity portfolio in the second quarter.
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Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: VinFast joins EVs trading in U.S.; Mullen’s reverse stock split; and UAW talks get heated.
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min )
More than 800,000 homeowners face a double mortgage rate shock as the Bank of England warns interest rates will stay high for years.
( 31
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On a mild September day in 2015, a man walked into Walsall shopping centre in the West Midlands and headed straight for the local NatWest branch.
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Signs of economic strength are bringing new scrutiny to the inverted yield curve.
( 21
min )
Country risk premium (CRP) is the additional return or premium demanded by investors to compensate them for the higher risk of investing overseas.
( 25
min )
The Department of Housing and Urban Development is responsible for the living conditions of millions of Americans.
( 21
min )
There are a few theories on the origin of the abbreviations used for debit (DR) and credit (CR) in accounting. Here's an overview of the terms.
( 22
min )
Frictional and structural unemployment are two different types of unemployment that occur in an economy. Frictional unemployment occurs when workers search for jobs.
( 21
min )
Dive into game theory and the Nash equilibrium, and learn why the equilibrium assumptions about information are less important with a dominant strategy.
( 20
min )
An accelerated death benefit (ADB) allows a life insurance policyholder advances against the death benefit if diagnosed with a terminal illness.
( 20
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Variable life insurance is a permanent life insurance product with separate investment accounts, and often offers flexibility regarding premium remittance and cash value accumulation.
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Licensed for reinsurance only means a company can provide services specifically related to reinsurance in the state that has granted the license.
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Learn about the different depreciation and amortization rules pertaining to leasehold improvements for tax basis and GAAP financial statements.
( 19
min )
Vacant home insurance protects homes that aren’t being lived in. Here’s what vacant home insurance is, how it works, if you need it, and what it covers.
( 23
min )
Most home renovation projects fail to pay for themselves at resale; savvy homeowners learn how to choose the upgrades that really add value.
( 25
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A PPO is an arrangement with an insurance company in which a network of medical professionals and facilities provide services at reduced rates.
( 23
min )
Government assistance programs are in great demand when there is high unemployment or low wages. Learn what’s available, how to qualify, and where to apply.
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min )
A special needs child is one that requires extensive medical, educational, or emotional support.
( 24
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Interest rates in many nations are at record low levels. We look at the five nations with the lowest rates.
( 20
min )
Most Value at Risk models assume away extremely high levels of volatility. This makes VaR particularly poorly adapted, yet well-suited, for stress testing.
( 19
min )
See why aggregate demand and gross domestic product (GDP) aren't necessarily the same, according to Keynesian macroeconomic theory.
( 19
min )
Barstool Sports founder Dave Portnoy bought back his company for $1 from Penn Entertainment, as Penn Entertainment sold 100% of outstanding Barstool shares to Portnoy after signing a deal with ESPN to rebrand their existing sportsbook, without Barstool. Portnoy has a net worth of $100 million.
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min )
An ETF is a good way to get broad exposure without taking on specific risk, but calculating performance may be a bit tricky.
( 21
min )
Fitch is an international credit rating agency based out of New York City and London that investors often use to make investing decisions about stocks and bonds.
( 21
min )
Learn about moral hazard, how it can affect outcomes and how it contributed to the conditions that led to the 2008 financial crisis.
( 18
min )
Customers opt for pricing over brand names but Amazon's scaling back its private label operations even as other retailers such as Walmart and Costco continue to derive value.
( 18
min )
Tapestry, Inc. (TPR) the parent company of brands such as Coach and Kate Spade, has acquired Capri Holdings Limited (CPRI), home to brands Versace, Jimmy Choo, and Michael Kors, in a deal worth about $8.5 billion. Here are some of the lesser known parent brands of the world's biggest luxury brands.
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A blanket honesty bond is a fidelity bond that protects employers from losses due to dishonest acts of employees.
( 19
min )
Business liability insurance protects a company and/or business owner in the event of a formal lawsuit or any third-party claim.
( 21
min )
A cut-through clause is a reinsurance provision that lets a party, other than the ceding company and reinsurance company, have rights under the agreement.
( 19
min )
The sales comparison approach is an appraisal method that compares real estate to other properties with similar characteristics.
( 24
min )
The credit market is where investors buy bonds and other credit-related securities. It is also where governments and corporations raise funds.
( 22
min )
Je gebruikt misschien (nog) een platte telefoon, maar vouwtelefoons worden elk jaar beter. Dat bewijst Samsung met de Galaxy Z Flip 5, die uitblinkt met een nieuw scharnier en een groter scherm op de voorkant.
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min )
De Chinese overheid probeert China aantrekkelijker te maken voor buitenlandse investeerders en wil het ondernemingsklimaat verbeteren, staat in een nieuw rapport van de regering.
( 3
min )
Dagattracties in Nederland hebben het een stuk drukker gekregen nu het weer zonnig is. "Het is zomerdrukte. Eindelijk regent het niet meer en dat merken we wel", zegt een woordvoerder van de Efteling.
( 3
min )
Particuliere beleggers die geld hebben verloren na de overname van Credit Suisse door bankconcern UBS spannen een rechtszaak aan. Ze proberen de uitkoop aan te vechten bij de rechter, meldt Financial Times zondag.
( 3
min )
Particuliere beleggers die geld verloren na de overname van Credit Suisse door bankconcern UBS in maart spannen een rechtszaak aan om de uitkoop aan te vechten, meldt Financial Times zondag.
( 3
min )
Project, een grote Duitse vastgoedontwikkelaar, heeft faillissement aangevraagd. Daardoor komen meerdere miljardenprojecten verspreid over Duitsland stil te liggen.
( 3
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(Bloomberg) -- Across Wall Street, there’s growing relief that the Federal Reserve — at long last — may be done raising interest rates. But that doesn’t mean turbulence in the bond market will soon become a thing of the past. Most Read from BloombergDavid Solomon Scrutiny Spreads From Goldman to Alma MaterMaui Now Looks a Lot Less Like ParadiseLook to the Options Market for Signs of Stock Market TroubleBankman-Fried in Custody After Bail Is Revoked Over LeaksInvestors anticipate that US Treasuri
( 33
min )
Nikola is recalling about 209 of its battery-powered commercial trucks after an outside investigation indicated a defective battery part likely caused a fire in one of the trucks.
( 27
min )
A.I. "is turning out to be the missing piece in a large number of important, almost-completed puzzles," said the Y Combinator cofounder.
( 31
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Learn the eligibility requirements to get an interest-free loan for home improvement projects from your county's housing agency.
( 22
min )
Just when you thought inflation is going down, the cost of food, fuel, mortgage rates and credit card debt has gone up, eating away Americans' wallets.
( 32
min )
Consumer bitcoin provider Azteco recently announced an $84 million seed funding round led by Jack Dorsey as the company introduces Bitcoin gift cards.
( 32
min )
Yieldstreet owns around 700 homes. But it hasn't bought any homes in 2023.
( 33
min )
NEW DELHI (Reuters) -India's Adani Ports on Saturday said Deloitte's reasoning to quit as auditor of the company was "not convincing or sufficient to warrant such a move" and the global firm had all the necessary information it required to conduct the process. Deloitte had decided to resign from the role amid concerns over certain related party transactions flagged in a report by U.S. short seller Hindenburg in January, but the Indian company did not wish to look into them independently, a source told Reuters on Friday. The auditor's resignation has brought fresh scrutiny of the financial management at Adani Group, led by Indian billionaire Gautam Adani.
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As natural disasters like the fires in Maui, Hawaii, inflict more damage on homes and properties, people are looking to protect against potential losses. That means brisk business for insurers—and opportunities for investors.
( 26
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Depending on your goals and plans, $3 million can be enough to cover early retirement at 40. However, certain factors will affect whether $3 million is enough. For example, your retirement needs and life expectancy play a big role. Here's … Continue reading → The post Is $3 Million Enough to Retire at 40? appeared first on SmartAsset Blog.
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If you have $5 million saved and are thinking of retiring at 45, the good news is you can certainly do so. The bigger question is how you'll need to plan your retirement around that amount and your early retirement … Continue reading → The post Can I Retire at 45 with $5 Million? appeared first on SmartAsset Blog.
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The existence of fiduciary duty does not prevent potential conflicts of interest. Could you explain a little more about this idea? What types of conflicts could arise even with a fiduciary? – Marianne Finding a fiduciary is a great start … Continue reading → The post Ask an Advisor: What Conflicts of Interest Can Arise Even With a Fiduciary? appeared first on SmartAsset Blog.
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Casino operator Wynn Resorts (WYNN) capitalized on a surge in tourism and retail spending at its resorts in Las Vegas and Macau that boosted the company's second-quarter earnings.
( 19
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The good news for retirement savers using 401(k) plans and similar workplace retirement accounts is that the improving stock market is raising account balances. The average 401(k) is up by an average of $7,250 – a gain of 9.6% – since the end of 2022, according to a Bank of America report. The report also […] The post Here’s How Much Americans’ 401(k) Balances Have Grown in 2023. Is Yours Keeping Pace? appeared first on SmartReads by SmartAsset.
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Artificial intelligence will transform advising, and will be used for everything from constructing more efficient portfolios to answering client questions.
( 26
min )
Ufuk Akcigit and Sina Ates wrote a paper in 2019 that tracked four decades of economic decline in the U.S. The problems haven't gone away.
( 36
min )
Another bucket of cold water threatens the once-hot trend of amateur day trading.
( 26
min )
Washington has laid the seeds of a crisis that Wall Street can no longer ignore.
( 25
min )
The chief financial office’s move to step down is the latest example of high-level churn at the electric-vehicle company.
( 27
min )
Despite month after month of falling prices, the housing market has so far avoided the most pessimistic forecasts for a market crash.
( 33
min )
Two ageing French billionaires sit atop the global luxury market: Bernard Arnault and François Pinault.
( 34
min )
Rising home values and higher mortgage rates have eroded the savings on monthly costs for many who are considering buying now.
( 27
min )
Investors are again pouring money into meme-focused cryptocurrency Shiba Inu (SHIB) in a sign of caution for bitcoin traders. Open interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according to data source Coinglass. SHIB futures are sized at 1000 SHIB per contract with up to 25x leverage.
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The wait-and-see attitude of home buyers is deepening the slump and complicating policy makers’ attempts to revive economic growth.
( 26
min )
China’s share of U.S. imports hits a 20-year low, with Mexico and Canada becoming America’s top two trade partners.
( 27
min )
U.S. Senator Cynthia Lummis (R-Wy.), a number of crypto lobbying organizations and a group of professors called on a federal court to dismiss a Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase Friday.
( 33
min )
AI hype drove huge gains among some tech stocks in the first half of 2023. Lately, that has gone into reverse.
( 31
min )
(Bloomberg) -- China’s lapse into deflation is emerging as the latest risk for its struggling stock market, denting investor optimism over a much-anticipated earnings rebound. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleMaui Now Looks a Lot Less Like ParadiseHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesThe CSI 300 Index just
( 32
min )
A credit rating is an assessment of the creditworthiness of a company or government—in general terms or with respect to a particular debt or financial obligation.
( 27
min )
Credit risk is the possibility of loss due to a borrower's defaulting on a loan or not meeting contractual obligations. Learn how it works.
( 24
min )
HO5 insurance, a type of home insurance, covers everything and will put the onus on your insurance provider.
( 24
min )
XRP's role in Ripple's ecosystem is confusing, causing many to quickly lose interest in its utility and invest elsewhere. Here's an explainer of its role.
( 22
min )
Abstract of Title is the summarized historical legal record of a piece of property.
( 18
min )
The question of whether to buy or rent in the San Francisco Bay Area is a tough one because both options are pricey. Here we discuss how to decide.
( 24
min )
Learn the eligibility requirements to get an interest-free loan for home improvement projects from your county's housing agency.
( 22
min )
A reinstatement clause is an insurance policy clause that states when coverage terms are reset after the insured files a claim.
( 18
min )
Eviction is the process by which a landlord can remove a tenant from a rental property. It typically involves court proceedings but governments offer some protections.
( 25
min )
Casino operator Wynn Resorts (WYNN) capitalized on a surge in tourism and retail spending at its resorts in Las Vegas and Macau that boosted the company's second-quarter earnings.
( 17
min )
News this week that consumer prices in China fell 0.3% from the year before set off alarm bells because deflation can devastate economies.
( 17
min )
Annual Renewable Term insurance is term life insurance with a guarantee of future insurability for a set period of years on a renewable basis.
( 20
min )
In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, warmte en (land)bouw geven. Deze week: hoe een rijksmonument in Amsterdam groen en gasloos werd.
( 5
min )
Verschillende grote muziekmaatschappijen hebben de non-profitorganisatie Internet Archive aangeklaagd omdat die het auteursrecht zou hebben geschonden door duizenden oude muzieknummers en -opnames online te zetten.
( 3
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Waar de prijzen in Nederland al een jaar omhoogschieten, was er in China in juli voor het eerst in meer dan twee jaar sprake van dalende prijzen. De angst voor die deflatie neemt toe. Waarom is dat een probleem?
( 4
min )
De van fraude verdachte oprichter van de failliete cryptobeurs FTX, Sam Bankman-Fried, is opnieuw gearresteerd. Hij was op borgtocht vrij, maar een rechter heeft de borgtocht vervroegd ingetrokken.
( 3
min )
Bij een vakantie in eigen land hoef je niet te vrezen voor kostbare terugvluchten of een hoge medische rekening. Daarom kun je denken dat een reisverzekering niet nodig is. Sluit je dan alleen nog een polis af voor je bagage?
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min )
Standard & Poor's (S&P) is globally known for its variety of investable, benchmark financial indices, along with its independent credit ratings.
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Get to know the relationships that determine a bond's price and its payout.
( 27
min )
Credit agencies gather debt information that is used to generate a score that indicates creditworthiness.
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min )
Retired securities have been repurchased by the issuer out of the company's retained earnings and canceled.
( 19
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An administrative charge is charged by an insurer to cover expenses related to record keeping and/or other administrative costs.
( 18
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Comprehensive insurance is car insurance that covers damage to your car from causes other than a collision. Learn about comprehensive insurance costs.
( 24
min )
Today's best CD rate is 5.75%—available from either Andrews Federal Credit Union or Sun East Federal Credit Union—with three more CDs paying 5.65% and two offering 5.60%.
( 19
min )
Global oil prices could keep heading higher, IEA says, though its forecast for slowing demand growth could provide some relief in 2024.
( 18
min )
Associate in Insurance Services (AIS) is a designation earned by insurance professionals and conferred by The Institutes.
( 18
min )
Former FTX CEO Sam Bankman-Fried had his bail revoked and was sent to jail ahead of his October criminal trial for alleged witness tampering.
( 18
min )
The Consumer Price Index (CPI) measures change over time in the prices paid by consumers for a representative basket of goods and services.
( 33
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U.S. equities were mixed, with the S&P 500 losing 0.1% on Friday, Aug. 11, 2023, after a higher-than-expected rise in producer prices.
( 16
min )
Shares of Occidental Petroleum advanced after the U.S. Department of Energy chose the energy company to receive hundreds of millions of dollars in grants for a carbon capture project.
( 17
min )
Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.
( 38
min )
Reverse mortgages can provide income for retirement. Learn what can make you ineligible for one and what some of the alternatives are.
( 22
min )
News Corp shares climbed after the company posted better-than-expected results on cost-cutting moves, and said artificial intelligence would help boost future results.
( 18
min )
Small businesses can be nimble and innovative, but larger companies have name recognition, can raise capital, and have other advantages that are hard to beat.
( 19
min )
Surplus lines insurance policies offer coverage for risks that regular insurance companies don’t want to take on.
( 21
min )
Single-premium life insurance charges the policyholder just one lump-sum premium payment to guarantee the death benefit.
( 21
min )
A shortage of homes for sale boosted housing values in June to a record $46.8 trillion, surpassing last year's previous all-time high of $46.6 trillion. In more affordable markets, the typical home still sells for below the national median of $426,056.
( 18
min )
The SEC has announced they have delayed a decision on ARK Invest's bitcoin ETF application in an effort to gather more comments from the public.
( 17
min )
Net premiums written is the sum of premiums written by an insurance company over time, minus premiums ceded to reinsurance, plus any reinsurance assumed.
( 19
min )
A capital stock insurance company is an insurer that gets capital from stockholder contributions, in addition to other reserve or surplus accounts.
( 19
min )
Flying in the U.S. is now 10% lower than pre-pandemic prices and air travel demand is up 12% from the same time last year.
( 17
min )
Marginal propensity to consume (MPC) is how much more individuals will spend for each additional dollar earned. Here's how to calculate MPC.
( 24
min )
Despite being followed so relentlessly, the consumer price index (CPI) has its limitations and is an imperfect measure of inflation and the cost of living.
( 23
min )
Here’s a look into the importance of microeconomics and how individuals use this theory in the case of leasing an apartment from a landlord.
( 21
min )
Shares of Maxeon Solar Technologies plunged after the company reduced its outlook because of a decline in demand for solar products.
( 17
min )
Markets were mixed at midday on Friday, Aug. 11, 2023 after the Labor Department's latest report on wholesale inflation showed producer prices rose more than expected last month.
( 17
min )
KZT is an abbreviation for the Kazakhstan tenge (KZT), the currency of Kazakhstan.
( 18
min )
Find out what real estate agents are likely to lie about, the reasons for the lies, and how to protect yourself from unscrupulous agents.
( 20
min )
The University of Michigan's Consumer Sentiment Index fell 0.6% to 71.2 in August from 71.6 in July.
( 18
min )
The Consumer Price Index For All Urban Consumers measures monthly change in U.S. consumer prices.
( 23
min )
Crypto trading platform Bittrex, that shuttered its U.S. operations earlier this year, will pay $24 million to settle SEC charges for running an unlicensed exchange, broker, and clearing agency.
( 19
min )
Swiss megabank UBS has agreed to voluntarily end a $10 billion backstop used to cover potential losses from its merger with Credit Suisse.
( 17
min )
The Family and Medical Leave Act is sparse and makes the U.S. one of the only countries that has no mandated form of paid leave for new parents.
( 25
min )
Cano Health shares plummeted to an all-time low after the health care provider for seniors warned it may not be able to continue operations and is looking for a buyer as revenue sank and expenses rose.
( 17
min )
Alphabet's Waymo and General Motor's Cruise received regulatory approval to expand their robotaxi services to offer driverless ride-hailing services 24/7 across San Francisco.
( 17
min )
Archer Aviation will team up with Boeing for autonomous flying technology after ending litigation, as the startup prepares to grow with an FAA nod for test flights and another $215 million in funds from investors.
( 18
min )
While a strong U.S. dollar benefits some, it negatively impacts others. These are the advantages and disadvantages of a strong U.S. dollar, and who gains and loses.
( 22
min )
The factors of production are the resources used in creating and producing a good or service and are the building blocks of an economy. Learn why they're important.
( 23
min )
Here is how the Shell Fuel Rewards Card works including where and how to apply, where it can be used, interest rates and fees charged, and the rewards and benefits involved.
( 22
min )
Learn how the law of supply and demand affects prices, whether supply remains the same and demand increases or vice-versa, plus the exceptions to the rule.
( 24
min )
Elasticity and Inelasticity of demand are the degrees to which demand changes in response to price changes, income levels, and substitution.
( 24
min )
The costs of attending NYU—including paying NYU’s tuition bills—are above average, even for private universities. But research shows it's a wise investment.
( 24
min )
A unit linked insurance plan (ULIP) is an investment product that provides insurance payout benefits.
( 23
min )
The International Institute for Management Development is one of the top graduate business schools in the world, located in Lausanne, Switzerland.
( 22
min )
As stocks sink into an August malaise, it’s time to think about what could go right for investors.
( 26
min )
Shares of movie-theater chain sink late Friday as settlement clears plan to issue more shares, raise capital.
( 25
min )
Stocks rose, fell, rose and fell, ultimately finishing lower this past week. Tech feels the pain.
( 26
min )
Wayfair looks headed for accelerated gains in sales and profits.Plus, insights on Petrobras, UPS, and Six Flags.
( 26
min )
Consumers are still feeling the pinch of higher prices, despite data showing moderating inflation. Bottom line: Don’t count on Fed rate cuts in 2024.
( 26
min )
"Rome was not built in a day, and neither will the AI ecosystem but this build out is unlike anything we have seen since the Internet in 1995."
( 31
min )
Lloyd Blankfein called his successor as Goldman's CEO, David Solomon, to complain about the bank's slumping stock and offer to help out, report says.
( 32
min )
Plus, the SEC fined Wells Fargo and others for not keeping records of business communications.
( 30
min )
10-year Treasury yields are rising faster than two-year yields for one of two reasons. Determining the right one will make all the difference.
( 26
min )
NextEra Energy owns the largest renewables business in the U.S., and the biggest utility. The stock’s selloff offers an opportunity.
( 26
min )
The fast-fashion company now rivals H&M and Zara, but questions over its labor practices are increasingly taking the spotlight.
( 34
min )
A long awaited plan to convert preferred equity units into AMC's common stock was approved in Delaware court, sending shares down in late trading Friday.
( 26
min )
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Today's best CD rate is 5.75%—available from either Andrews Federal Credit Union or Sun East Federal Credit Union—with three more CDs paying 5.65% and two offering 5.60%.
( 21
min )
Oil prices are heading to a record again, and it’s increasingly clear the gains are no fluke. Demand hit a record in June and is on track to stay at high levels for the rest of the year.
( 27
min )
(Bloomberg) -- AMC Entertainment Holdings Inc. won court approval of a stock conversion plan that had spurred a shareholder lawsuit and cast a cloud over the movie theater chain’s efforts to secure new financing.Most Read from BloombergBiden Fears China Economy Is ‘Ticking Time Bomb’Jeff Bezos Buys $68 Million Home on Florida’s Exclusive Indian Creek IslandRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Now Looks a Lot Less Like ParadiseConsulting Firms Are Paying Undergrads $2
( 33
min )
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Global oil prices could keep heading higher, IEA says, though its forecast for slowing demand growth could provide some relief in 2024.
( 19
min )
AMC Entertainment's revised stockholder settlement was approved by a Delaware judge on Friday, according to a court filing, three weeks after the judge rejected a related deal. Under the approved class action settlement, cinema operator AMC will provide stock worth an estimated $129 million to holders of its common stock to settle potential legal claims related to a stock conversion plan. The approved class settlement did not allow shareholders to opt out and binds them to the agreement.
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min )
WILMINGTON, Delaware (Reuters) -AMC Entertainment's revised stockholder settlement was approved by a Delaware judge on Friday, according to a court filing, three weeks after the judge rejected a related deal. Under the approved class action settlement, cinema operator AMC will provide stock worth an estimated $129 million to holders of its common stock to settle potential legal claims related to a stock conversion plan. The approved class settlement did not allow shareholders to opt out and binds them to the agreement.
( 31
min )
Research shows that the amount of dopamine released in response to a reward is increased when the reward is unpredictable.
( 33
min )
“Friday is increasingly winning out in the WFH stakes,” the WFH Research cofounder tells Fortune.
( 32
min )
(Bloomberg) -- Deep within the underbelly of the options world lies a threat to the stock-market calm that’s prevailed all year. Most Read from BloombergMaui Now Looks a Lot Less Like ParadiseJeff Bezos Buys $68 Million Home on Florida’s Exclusive Indian Creek IslandBankman-Fried in Custody After Bail Is Revoked Over LeaksDavid Solomon Scrutiny Spreads From Goldman to Alma MaterWhile benchmark indexes just limped to one of their smallest weekly changes of 2023, intraday moves tell a different st
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The biggest question for the island’s companies—and broader economy— will be how long tourists might stay away.
( 27
min )
A United Kingdom-based investment firm and seven entities of GKN Aerospace have asked the Missouri Supreme Court to dismiss them from a lawsuit that The Boeing Co. filed, arguing they are not subject to state law because they aren’t incorporated here.
( 13
min )
Only eight companies in the S&P 500 have larger market values than Apple's outlay on share repurchases over the last decade.
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Truist's shares slid earlier this week following Moody's decision to review the bank for a potential downgrade. But as of Friday, its stock had started to make a comeback.
( 11
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The weight-loss and diabetes injectables have seen a surge in demand primarily in the U.S., buoying Novo Nordisk’s profits in the first half of 2023.
( 33
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Thursday, Boeing and Archer Aviation settled litigation. Boeing even took a stake in the flying car start-up. Archer shares surged initially but gave back some early gains.
( 26
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Electric-vehicle makers Lucid Group and Rivian have similar market values. That doesn't make a lot of sense for European firm Exane BNP Paribas.
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Cano Health shares plummeted to an all-time low after the health care provider for seniors warned it may not be able to continue operations and is looking for a buyer as revenue sank and expenses rose.
( 17
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Comcast’s broadband network is crucial to the future of technology. Even so, its stock is cheap compared with buzzier names like Netflix, Nvidia, and Meta Platforms.
( 26
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On Tuesday, Rivian Automotive Inc (NASDAQ: RIVN) posted its second quarter results. The Amazon.com Inc (NASDAQ: AMZN)-backed EV maker posted a narrower than expected loss while lifting its production guidance. Rivian shares initially went up nearly 3% after the report, but its stock has soared 80% over the past 90 days as it continues to enjoy growing demand for its electric pickup and sport utility vehicle despite raised borrowing cost. While its EV rivals burn cash to ramp up production and fo
( 32
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Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital. The post Cash-poor transportation startups gambling for fresh capital appeared first on FreightWaves.
( 35
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It's always risky for an investor to buy or sell shares of a stock right before an earnings report because nobody can predict with 100% accuracy how a company will perform, nor is it possible to gauge how Wall Street will react to the news. When a company misses the earnings estimate, sometimes it gets shrugged off if the revenue beats the estimates. Other times the earnings may beat the estimates, but the revenue falls short of expectations and that precipitates a sell-off in share price. Anoth
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Customers in the proposed class action said HP concealed how its printers enter an "error state" when low on ink, disabling scanning and faxing functions that do not require ink, and forcing them to buy unnecessary, high-margin ink cartridges. U.S. District Judge Beth Labson Freeman in a decision on Thursday found sufficient allegations that HP knew about the defect, citing a message board post where a support agent told a customer that his printer "will not function" without ink.
( 31
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For anyone in the market for a corporate jet, federal regulators have just the thing for you.
The Federal Deposit Insurance Corp. is selling a “spectacular” corporate jet that can accommodate 13 passengers, complete with leather seatin
( 23
min )
A financial advisor told me the pros of building a two-part bond ladder (three-year Treasurys and 10-year corporates) to generate fixed income and cover required minimum distributions (RMDs). What are the cons? -Ken When used in the right circumstances and … Continue reading → The post Ask an Advisor: I've Heard About the Benefits of a Bond Ladder Strategy. What Are the Downsides? appeared first on SmartAsset Blog.
( 32
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I am 65 and at the absolute peak of my earnings. I'm also in the 35% tax bracket and am not looking to retire soon. I need $30,000 for a home project. I have enough to take it out of … Continue reading → The post Ask An Advisor: I'm 65, Earning at My ‘Absolute Peak' and Won't Retire Soon. Should I Use My Roth IRA for a $30K Home Improvement Project? appeared first on SmartAsset Blog.
( 34
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Twilio upgraded, Sealed Air downgraded: Wall Street's top analyst calls
( 34
min )
The Detroit Big Three car companies are in talks with the UAW over a contract deal that would replace one that expires in September.
( 27
min )
Wedbush analyst Daniel Ives, a longtime tech bull, sticks with his call for a 12% to 15% gain in the Nasdaq, despite a recent dip in performance.
( 26
min )
American investors shouldn't be surprised by Anheuser-Busch InBev's strong second quarter. They need to look beyond the U.S. boycott of Bud Light.
( 26
min )
Citi analysts downgrade the company's shares to Neutral from Buy, citing many challenges for the primary-care provider.
( 26
min )
Bitcoin briefly rose above US$30,000 twice this week, but failed to remain the support level despite positive catalysts in the industry like the launch of PayPal’s new stablecoin. Bitcoin will have to close the week above US$29,300 for upward momentum, industry experts told Forkast.
( 33
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A #KansasCity executive with a familiar name will lead #AMCTheatres marketing efforts.
( 10
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Retirees open up about their financial lives and how they spend their time and money.
( 23
min )
The California Public Utilities Commission voted to allow GM's Cruise and Google's Waymo to offer paid rides in driverless vehicles across the city at all hours of the day with an unlimited number of vehicles.
( 26
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The Swiss bank says it no longer needs a $10 billion backstop or liquidity lines.
( 27
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(Bloomberg) -- Investors piled into cash and bonds while pulling money out of the US stock market in recent days, according to Bank of America Corp. strategists.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Fires Show Climate Change’s Ugly ReachFirst American City to Tame Inflation Owes Its Success to Affordable HousingBiden Fears China Is ‘Ticking Time Bomb' Posing Danger to WorldEcuador Presidential Candidate Assassinated, Suspect Shot DeadCash funds
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(Bloomberg) -- Declines for Chinese technology companies weighed on Asian equities while US futures edged higher and the dollar clung to a Thursday rally.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Fires Show Climate Change’s Ugly ReachFirst American City to Tame Inflation Owes Its Success to Affordable HousingEcuador Presidential Candidate Assassinated, Suspect Shot DeadDave Portnoy Paid Just $1 to Buy Barstool Sports BackMainland China and Hong Kon
( 33
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"When [Fed] reserves have been declining by more than $38 billion over the past four weeks, stocks have struggled," Ned Davis Research said.
( 31
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Who doesn’t love a bargain? Buying quality for a low price is one of the thrills of the market system – and that applies to stock markets as well. The trick is knowing which rock-bottom stocks are the right ones to buy. Plenty of stocks are priced low, and bargain-hunting investors need to find the ones whose fundamentals are sound. The sheer volume of stocks, and the reams of data they produce, makes that difficult – but Wall Street analysts make their living by taking deep dives behind the sce
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Russia's currency has plunged to its lowest level against the dollar since the Ukraine invasion, blowing past the Kremlin's "comfort zone."
( 31
min )
Het aantal schuldzaken tegen discounter Big Bazar neemt toe. Directeur Joost Konings van Invorderingsbedrijf Amsterdam meldt dat er inmiddels tien lopende dossiers in behandeling zijn. De totale vorderingen tegen Big Bazar gaan richting de 430.000 euro.
( 3
min )
Drankenproducent Bacardi staat op een Oekraïense lijst van zogenoemde oorlogssponsors, waarmee Oekraïners aandacht vragen voor bedrijven die zakendoen in Rusland. Het agentschap achter de lijst stelt dat Bacardi misbruik maakt van het vertrek van concurrenten.
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Rusland heeft afgelopen maand meer verdiend met de export van olie doordat Moskou de prijzen heeft verhoogd.
( 3
min )
De economie van het Verenigd Koninkrijk is het afgelopen kwartaal onverwachts 0,2 procent gegroeid. Het is de grootste groei in meer dan een jaar.
( 3
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De economie van het Verenigd Koninkrijk groeide onverwachts 0,2 procent in het afgelopen kwartaal, laat het nationale Britse statistiekbureau weten. Dat is de grootste groei in meer dan een jaar.
( 3
min )
Het Nederlandse internetknooppunt AMS IX heeft het stroomverbruik van een van de datacenters met 85 procent weten te verlagen. Voorheen verbruikte de locatie evenveel stroom als 185 huishoudens. Dankzij nieuwe apparatuur is dat nu evenveel als 29 woningen.
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Het Nederlandse internetknooppunt AMS IX heeft het stroomverbruik van een van de datacenters met 85 procent weten te verlagen. Voorheen verbruikte de locatie evenveel stroom als 185 huishoudens. Dankzij nieuwe apparatuur is dat nu evenveel als 29 woningen.
( 4
min )
De Volksbank, het moederbedrijf van de ASN Bank, RegioBank en SNS, kan een boete van De Nederlandsche Bank verwachten omdat ze niet genoeg doet om witwassen en financiering van terrorisme tegen te gaan.
( 4
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Eigenaar Elon Musk wil van Twitter (inmiddels bekend als X) een allesapp gaan maken. Daarom kunnen gebruikers binnenkort videobellen en geld naar elkaar overmaken.
( 4
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Het aantal faillissementen is in juli afgenomen, nadat het aantal zaken dat over de kop ging in de drie maanden daarvoor alleen maar was gestegen.
( 3
min )
De Volksbank, het moederbedrijf van de ASN Bank, RegioBank en SNS, kan een boete van De Nederlandsche Bank verwachten omdat ze niet genoeg doet om witwassen en financiering van terrorisme tegen te gaan.
( 3
min )
Het aantal faillissementen is in juli afgenomen, nadat het aantal zaken dat over de kop ging de afgelopen drie maanden alleen maar steeg. Dat meldt statistiekbureau CBS.
( 3
min )
Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.
( 4
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Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.
( 4
min )
Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.
( 4
min )
Real estate agents are a resource when searching for a rental property and may provide negotiating power when signing a lease.
( 21
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Six tips can help you find the apartment that meets your needs at the best price.
( 20
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Parent PLUS loans allow parents to borrow money to help pay for their children’s education. Here’s everything you need to know to apply.
( 20
min )
The Supreme Court will decide whether the Sackler family, and the pharmaceutical company they own, Purdue Pharma, will be allowed to pay $6 billion to avoid future liability for their role in causing the opioid crisis.
( 16
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When replacing a life insurance policy, a lot can go wrong for the consumer. Find out how life insurance replacements are regulated by the states.
( 21
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The S&P 500 was little changed with a small gain of 0.03% on Thursday, Aug. 10, 2023 after a report on consumer prices showed inflation rose less than expected last month.
( 17
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Increasing costs, faltering subscriber growth, inflation, and reduced revenue per membership figures all contribute to subscription price hikes.
( 21
min )
A consequential loss is an insurance term for an income hit caused by a business's inability to use damaged property or equipment as usual.
( 21
min )
Global rice prices hit a 12-year high in July, the United Nations' Food and Agriculture Organization (FAO) said in a report, which could exacerbate global food insecurity.
( 18
min )
Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.
( 19
min )
General Motors shares dipped as the carmaker once again warned that production of its electric vehicle lineup is being slowed by issues assembling updated battery modules.
( 16
min )
Shares of Ralph Lauren lost ground after the fashion clothing company warned American consumers are cutting back on discretionary spending.
( 17
min )
A debt security is a debt instrument that has its basic terms, such as its notional amount, interest rate, and maturity date, set out in its contract.
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Maryland, New Jersey, Delaware led the nation in foreclosure filings in July.
( 18
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The Fed views the Producer Price Index as a forerunner of consumer inflation. Rising prices at the production level are typically passed on to consumers at the retail level on a time lag.
( 18
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Return on policyholder surplus is the ratio of an insurance company’s net income to its policyholder surplus.
( 19
min )
Developed to net premiums earned is the ratio of developed premiums to net premiums earned over a given time period.
( 19
min )
Amid surging prices and higher loan rates, paying for a new car costs more than ever—and owning a home and a new car now eats almost half of the typical American's budget.
( 20
min )
As you age, saving and investing become higher priorities. Read about finding the best financial professional for your current stage in life.
( 25
min )
The Samuel Curtis Johnson Graduate School of Management is a graduate business school based at Cornell University in Ithaca, New York.
( 20
min )
Bond rating agencies are companies that assess the creditworthiness of both debt securities and their issuers. Discover more about them here.
( 25
min )
Shares of AppLovin (APP) jumped as the artificial intelligence (AI)-based mobile marketing platform reported better-than-expected results amid soaring demand for all things AI.
( 16
min )
U.S. equities gained at midday on Thursday, Aug. 10, 2023 after the Labor Department reported consumer prices increased less than expected in July.
( 16
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Novo Nordisk raised its outlook as revenue from its popular weight-loss treatment, Wegovy, skyrocketed.
( 17
min )
Bank of America offers many personal financial products, including savings accounts. See if Bank of America’s rates are attractive enough for your deposit.
( 21
min )
Barclays offers a competitive APY on its single savings account, which is light on restrictions and fees. Learn more about Barclays Online Savings Account to see if it’s right for you.
( 20
min )
Chase Bank offers two savings accounts to its customers with below-average interest rates, but the bank has other financial services worth considering.
( 19
min )
Bernie Sanders did not become the Democratic presidential nominee for 2020, but his economic plan still raises many important points and addresses ongoing issues.
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Ad-free Disney+ subscription price to increase roughly 27% to $14 a month, following the company's loss of millions of streaming subscribers.
( 17
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Capri's shares rose in premarket trading on Thursday as fashion conglomerate Tapestry announced a $8.5 billion acquisition deal that will bring six luxury brands under one company.
( 17
min )
Rates on 30-year mortgages climbed slightly, ending a three-day slide that had lowered the average almost a quarter percentage point. All other averages were up or held steady.
( 20
min )
Inflation is continuing to cool down, though you might not think it from the 12-month inflation rate.
( 18
min )
Rates on 30-year mortgages have sunk almost a quarter percentage point over the past three days, with the averages on almost every other loan type dropping as well.
( 21
min )
Contempt of court is an act of disrespect or disobedience toward a court or interference with its orderly process.
( 23
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Money market accounts have some similarities and differences when compared with money market funds. Learn more about how the two accounts compare.
( 25
min )
When deciding whether to get a degree abroad, research and talk to alumni who have completed the same program.
( 21
min )
Bayes' theorem is a mathematical formula for determining conditional probability of an event. Learn how to calculate Bayes' theorem and see examples.
( 26
min )
Alibaba Group Holdings Ltd. delivered serious gains in the quarter ended June 30, with income from operations up 70% year-over-year, sending its stock up nearly 7% this morning.
( 17
min )
This $900 billion COVID-19 stimulus bill included $600 direct individual payments, $300/week unemployment benefits, and more. See how it compares to other legislation.
( 28
min )
Walt Disney and Co. lost about 12 million Disney+ streaming subscribers, took a big hit due to restructuring costs, and missed revenue projections, but its third-quarter earnings per share beat analysts' expectations.
( 19
min )
With home prices and borrowing costs increasingly out of reach, the ranks of renters continues to grow in NYC, the country's biggest rental city.
( 18
min )
Discover the consumer discretionary sector, industries within this sector and companies producing goods that fall under the consumer discretionary definition.
( 21
min )
Improve your financial advisory business by building a client base of people who share similar priorities, values, and long-term goals.
( 22
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The term “unauthorized insurer” refers to a fraudulent business that is posing as a legitimate insurance company.
( 18
min )
The law of supply in economics states that as the price of a good or service increases, the quantity of goods or services increases and vice versa. Learn more.
( 26
min )
The Carmack Amendment amends the Interstate Commerce Act of 1877 and limits the liabilities of carriers to loss or damage of the property itself.
( 19
min )
Business school can have a lasting impact on your career, but is an MBA right for you? Learn what to consider before deciding to go back to school.
( 23
min )
Kenneth I. Chenault is a former chair and CEO of American Express
( 21
min )
Understanding the differences between insurance, excess insurance, and reinsurance might help you avoid being overinsured or underinsured.
( 21
min )
An affidavit of title is a document provided by the seller of real estate showing the status of the property, including ownership and legal issues.
( 23
min )
"There's no rule that everybody has to win," the CEO of Ouster said as the company reported its second-quarter results.
( 26
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New- and used-car prices fell in July, easing some pain for U.S. consumers. Yet prices for insurance, repair, and other services continued to march higher.
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Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.
( 20
min )
StoneX's Vincent Deluard sees investors swapping stocks for bonds, reluctant sellers eventually listing their homes, and the economic rebound fading.
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General Motors shares dipped as the carmaker once again warned that production of its electric vehicle lineup is being slowed by issues assembling updated battery modules.
( 16
min )
GE pulled back to a historically bullish trendline on the charts
( 31
min )
China's property sector is teetering on another Evergrande moment, as a developer with almost $200 billion of debt is in deep trouble.
( 34
min )
Forward Air announced Thursday it will merge with asset-light logistics peer Omni Logistics. The post Forward Air merges with Omni Logistics, will target expedited LTL appeared first on FreightWaves.
( 33
min )
Linda Yaccarino, CEO of the former Twitter, says she has the authority to run Elon Musk's social-media company. Investors see Musk spending more time and attention to Tesla.
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Alibaba Group Holdings Ltd. delivered serious gains in the quarter ended June 30, with income from operations up 70% year-over-year, sending its stock up nearly 7% this morning.
( 17
min )
PayPal's stablecoin stands out because it's not just "more crypto for crypto," one expert wrote in CoinDesk.
( 12
min )
Penn downgraded, Roblox upgraded: Wall Street's top analyst calls
( 33
min )
The auto industry is changing in a multitude of ways. Electric powertrains are challenging the traditional combustion engine, and other technologies, such as mobile wireless connectivity and artificial intelligence, are bringing a sea change to the way we drive. New opportunities are opening for investors in these emerging technologies. These aren’t going to be risk-free choices – remember how many car companies popped up in the 1920s and ‘30s before Detroit stabilized with the Big Three – so th
( 34
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If you're planning on making tax-deferred retirement accounts the last pot of money you tap after retirement, you've got a lot of company. And why not? The idea that your 401(k) or traditional IRA can keep growing and churning out … Continue reading → The post Want to Minimize Retirement Taxes? Don't Follow This Popular Strategy appeared first on SmartAsset Blog.
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Wealth managers help set and reach goals for financial needs. Here's a breakdown of wealth management services and examples of when you will need them.
( 32
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Acclaimed Hollywood A-lister Ryan Reynolds has proven himself to be more than just an entertainer, delving into the world of investments with remarkable success. Despite his humble admission of not being an investing wizard, Reynolds has accumulated millions of dollars through well-timed business bets in recent years. In a recent appearance on CNBC’s "Squawk Box", Reynolds discussed his latest investment venture: Canadian financial technology (fintech) company Nuvei. See more on startup investin
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If you're approaching retirement age, you have a lot to think about. Focusing on limiting your tax liability can be especially valuable. After all, the more taxes you pay in retirement, the less money you'll have to live off. If … Continue reading → The post 5 Ways to Reduce Tax Liability in Retirement appeared first on SmartAsset Blog.
( 33
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Wilko, the high street discount chain, has plunged into administration, putting 12,000 jobs at risk after it failed to secure a rescue deal.
( 44
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If the SEC needs more time to assess the practicality of the surveillance-sharing agreements, then the bitcoin price may correct initially in mid-September, and would be the “dip to buy,” the report said.
( 31
min )
(Bloomberg) -- Global oil markets are on track for a sharp supply deficit of more than 2 million barrels a day this quarter as Saudi Arabia slashes production, OPEC data indicate.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Ecuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tycoon
( 32
min )
Hoffman was named CEO at the end of 2021.
( 31
min )
The hydrogen technology company posted a second-quarter loss of 40 cents a share. Wall Street was looking for a 27-cent loss. But its likely another factor that's driving the shares lower.
( 26
min )
Banking sector CEOs have been among the pushiest when it comes to ending hybrid work. But new data shows two-thirds of their top level execs would likely resign if they were forced to return to the office.
( 31
min )
Virgin Galactic stock is rising ahead of the company's second commercial flight, slated for August 10. The Livestream of the event starts at 11 a.m. Eastern time.
( 26
min )
The Chinese EV market is maturing. As it does, investors will be looking for earnings when they evaluate shares.
( 26
min )
Applovin guides for third-quarter sales of $780 million to $800 million, higher than analysts' expectations.
( 26
min )
(Bloomberg) -- Alibaba Group Holding Ltd.’s revenue beat expectations after its core e-commerce arm returned to growth, a big step for a national icon trying to revive its business in a volatile economy.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woma
( 32
min )
CEO Bob Iger said on the company's earnings call that it is considering strategic options for its linear TV channels.
( 26
min )
(Bloomberg) -- Novo Nordisk A/S said the supply of its blockbuster obesity medicine Wegovy will continue to be restricted in the US as the drugmaker struggles to expand production. Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tyco
( 32
min )
Walt Disney trades higher after the entertainment giant says it will be raising prices for its streaming services, a report says Tapestry is in talks to acquire Capri, the parent company of Michael Kors, Jimmy Choo and Versace, and Applovin stock surges after the software company swings to a second-quarter profit.
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min )
(Bloomberg) -- It could take just a 1% move in the S&P 500 — up or down — every day for a week for the rally in US stocks to come under significant pressure.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tycoon Loses More Wealth Tha
( 32
min )
(Bloomberg) -- Equity markets in Asia fluctuated Thursday following a tech-led sell-off on Wall Street as investors await US monthly inflation data that will help shape the outlook for the Federal Reserve’s next steps.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingRetirees Face $17,400 Cut to Social Security Benefits in 2033Everyone Wants to Work at UPS After Teamsters DealTycoon Wh
( 33
min )
Danish drugmaker Novo Nordisk on Thursday raised its full-year profit and sales forecast for a second time, but said it would continue to restrict U.S. supplies of starter doses of its hugely popular Wegovy weight-loss drug. Novo Nordisk, Europe's second most-valuable listed company after LVMH, is riding on a wave of sky-high demand for its highly effective diabetes and weight-loss drugs Ozempic and Wegovy, which has sent its earnings and shares to record highs this year.
( 31
min )
The Reserve Bank of India (RBI) on Thursday asked banks to set aside a larger part of incremental deposits under cash reserve ratio (CRR) to tighten liquidity in the near term. Banks shall maintain an incremental CRR of 10% on increase in deposits between May 19 and July 28, with effect from the fortnight starting Aug. 12, RBI Governor Shaktikanta Das said in his monetary policy announcement. Das however added that the measure was temporary to absorb liquidity generated by a return of high denomination notes, a move that was announced by the RBI in mid-May.
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It still makes sense for long-term investors to own REITs with solid balance sheets in good real estate sectors, such as Kimco Realty, BXP, and VICI Properties.
( 26
min )
Holders of odd lots under 100 shares should come out ahead after J&J splits off its Kenvue unit.
( 26
min )
(Bloomberg) -- A monthly report on US consumer prices due Thursday is set to show a second straight reading for so-called core inflation that is consistent with the Federal Reserve’s 2% target on an annualized basis, according to Bloomberg Economics.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingRetirees Face $17,400 Cut to Social Security Benefits in 2033Everyone Wants to Work at U
( 30
min )
The deal would be one of the biggest fashion tie-ups in recent years.
( 28
min )
(Bloomberg) -- Alibaba Group Holding Ltd.’s options are flashing positive signs ahead of the Chinese tech company’s June quarter results.Most Read from BloombergFirst American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealRetirees Face $17,400 Cut to Social Security Benefits in 2033Ecuador Presidential Candidate Villavicencio AssassinatedStock Traders Shun Risk in Run-Up to Key CPI Test: Markets WrapAs of Tuesday’s close, a bullish
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min )
The strong year-to-date gains in the stock market are impossible to deny, but August’s losses serve as a reminder that investors need to have a cautionary plan for tougher times. Furthermore, according to strategists from JPMorgan and Wells Fargo, these challenging times may be closer than we think. The gains have largely been powered by the AI boom in tech – and that has led to an unstable situation, with rising stock indexes resting on a narrow base. According to JPMorgan’s Chief Global Market
( 34
min )
Bankrupt trucking giant Yellow said it has enough real estate and equipment it can sell to cover $1.2 billion it borrowed from the U.S. government and private lenders led by Apollo Global Management.
( 28
min )
Een storing bij Rabobank zorgde er dinsdag voor dat klanten urenlang hun geldzaken niet konden regelen. De problemen deden zich voor op de website en in de app van Rabobank, maar zijn inmiddels opgelost.
( 3
min )
Modebedrijf Tapestry neemt Capri Holdings over. Het concern betaalt 8,5 miljard dollar voor het moederbedrijf van Michael Kors, Jimmy Choo en Versace.
( 3
min )
Chinese reisbureaus mogen voor het eerst sinds de coronapandemie weer reizen naar Nederland en bijna zeventig andere landen aanbieden. Internationale groepsreizen waren al enige tijd toegestaan, maar alleen naar een beperkt aantal landen.
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min )
Als je niet werkt omdat je kanker hebt, krijg je geen kinderopvangtoeslag van de Belastingdienst. Net als bij thuiszorg kan de gemeente dan hulp bieden. Maar die lokale aanpak zorgen voor onbegrijpelijke verschillen, zeggen gedupeerden tegen NU.nl.
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min )
Een storing bij Rabobank zorgt ervoor dat klanten op dit moment hun geldzaken niet kunnen regelen. De problemen doen zich voor op de website en in de app van Rabobank.
( 3
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De NS heeft ook in het eerste half jaar van 2023 verlies geleden. Het bedrijf heeft niet genoeg treinkaartjes verkocht om alle kosten te dekken. "We hebben nog altijd fors minder reizigers dan voor corona", zegt NS-topman Wouter Koolmees.
( 3
min )
Twitter (inmiddels bekend als X) moet een dwangsom van 350.000 dollar (ruim 317.000 euro) betalen. Het bedrijf van Elon Musk werkte niet op tijd mee aan een onderzoek naar de Amerikaanse oud-president Donald Trump.
( 4
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De waarde van de roebel heeft deze week het laagste niveau bereikt in zestien maanden. Voor 1 euro betalen Russen nu 106 roebel. De lange daling lijkt even voorbij nu de Russische centrale bank ingrijpt.
( 3
min )
De omwonenden van Tata Steel die naar de rechter stapten voor strengere eisen aan het staalbedrijf gaan in hoger beroep.
( 4
min )
Het Radboudumc in Nijmegen is erin geslaagd zeldzame syndromen te herkennen met een gezichtsscan. De techniek moet artsen wereldwijd gaan helpen zeldzame afwijkingen te herkennen en de juiste diagnose te stellen.
( 4
min )
Disney+-abonnees kunnen binnenkort mogelijk niet meer hun wachtwoord met bekenden delen. In navolging van Netflix wil ook Disney beginnen met handhaven.
( 4
min )
Maaltijdboxbezorger HelloFresh ziet het aantal bestellingen teruglopen door bespaarzucht van consumenten. In het tweede kwartaal van dit jaar nam het aantal actieve klanten wereldwijd met bijna 9 procent af. Volgens HelloFresh komt dat door de hoge inflatie.
( 3
min )
Rabobank heeft in de eerste helft van 2023 zijn nettowinst bijna verdubbeld. De bank maakte 2,5 miljard euro winst, tegen 1,3 miljard euro in dezelfde periode vorig jaar. Dat kwam vooral door een grote stijging van de rente-inkomsten.
( 4
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Rabobank heeft in de eerste helft van 2023 z'n nettowinst bijna verdubbeld. Vooral door een grote stijging van de rente-inkomsten maakte Rabobank 2,5 miljard euro winst, tegen 1,3 miljard euro in dezelfde periode vorig jaar.
( 4
min )
Industriële bedrijven in Nederland hebben in juni 7,7 procent minder geproduceerd dan in dezelfde maand een jaar eerder. Door de afkoeling van de wereldeconomie zakt de productie terug, net als bij onze oosterburen.
( 3
min )
Omwonenden van Tata Steel vinden dat Noord-Holland de eisen voor de uitstoot van zwaveldioxide door de staalfabriek niet had mogen bijstellen. Zij zijn het niet eens met de rechter, die oordeelde dat de provincie geen regels overtrad, en gaan in hoger beroep.
( 3
min )
Pro-Russische hackersgroepen hebben deze week meerdere Nederlandse websites platgelegd. Dat is een vergeldingsactie voor de steun van ons land aan Oekraïne. Maar we zijn nog niet in een cyberoorlog beland, stelt een expert gerust.
( 3
min )
A student loan deferral can give you relief from your debts, but there can be long-term consequences to your credit score. Learn how deferrals affect your credit score.
( 23
min )
Graduate business school costs time and money, and there are career-enhancing alternatives.
( 20
min )
The financial crisis of 2008 and the great recession that followed is still fresh in the memories of many investors.
( 22
min )
Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.
( 20
min )
The Supreme Court dealt a setback to video game publisher Epic in its battle against Apple over how the iPhone giant treats developers that sell programs on the App store.
( 17
min )
Best Buy credit card offers promotional financing and cash-back rewards to incentivize higher spending.
( 24
min )
UCLA Anderson School of Management is the University of California's graduate business school and one of the highest-ranked MBA programs in the United States.
( 20
min )
DARPA will award up to $20 million in prize money to companies that use AI to develop stronger cybersecurity tools, with Google, Microsoft and OpenAI collaborating.
( 17
min )
You can put your down payment savings to work earning as much as 5.75% APY until it's time to buy. Here are three risk-free ways to do so.
( 17
min )
Bracketed sell order is a short sell order that is accompanied by a conditional buy order above and a buy limit order below the initial sell order.
( 18
min )
The S&P 500 dipped 0.7% on Wednesday, Aug. 9, 2023 as tech stocks fell ahead of Thursday's key consumer inflation report.
( 16
min )
A lawsuit by conservative advocacy groups could defeat President Joe Biden’s latest plan to forgive student loan debt even if it doesn’t ultimately win in court.
( 19
min )
Going to graduate school right after college keeps your education momentum going, but sometimes it pays to wait. Here's how to decide.
( 21
min )
ADRs of Sony tumbled after the entertainment giant warned that strikes by TV and movie actors and writers will drag down current quarter revenue.
( 18
min )
ADRs of Honda advanced as the carmaker reported a big increase in U.S. sales and announced a stock split.
( 16
min )
ADRs of Sony tumbled after the entertainment giant warned that strikes by TV and movie actors and writers will drag down current quarter revenue.
( 17
min )
Google AI-powered flight routes reduced global warming inducing contrails—white lines in the sky left behind by planes-without materially increasing fuel consumption.
( 17
min )
Robo-advisors are less expensive but a financial advisor will provide more personalized service.
( 25
min )
A default happens when a borrower fails to make required payments on a debt, whether of interest or principal. Find out what the consequences of default are.
( 28
min )
Jobs growth is a measure of how many nonfarm jobs the U.S. economy added in the prior month as estimated by the U.S. Bureau of Labor Statistics (BLS).
( 21
min )
The Sustainability Accounting Standards Board (SASB) developed standards for companies to report sustainability issues that could affect their value.
( 22
min )
A decline in the dollar’s share of allocated foreign exchange reserves has fueled talk of de-dollarization, which involves reducing reliance on the U.S. dollar as a reserve currency.
( 22
min )
Electric vehicle (EV) maker Rivian Automotive keeps losing money on every vehicle it makes, but losses have narrowed and the company expects profitability by the end of 2024.
( 17
min )
Data analytics is the science of analyzing raw data in order to make conclusions about that information. It helps businesses perform more efficiently and maximize profit.
( 24
min )
The Bureau of Labor Statistics' employment report is a widely watched indicator of economic well-being that directly influences the market.
( 26
min )
The National Association of College and University Business Officers (NACUBO) is a membership organization focused on the educational sector.
( 22
min )
The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work.
( 32
min )
Mortgage applications declined 3.1% from the previous week as the average interest rate for FHA-backed mortgages increased to 7.02%—the highest in almost 21 years—according to data from the Mortgage Bankers Association.
( 18
min )
Roblox shares tumbled after the online gaming platform’s second-quarter loss per share widened because of increased costs.
( 16
min )
In most cases, your car insurance company does not report accidents to the DMV, but states require police to under certain circumstances.
( 22
min )
U.S. equities declined at midday on Wednesday, Aug. 9, 2023, on the latest batch of earnings reports and as the market awaits key inflation data.
( 16
min )
Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.
( 17
min )
Shares of Decibel Therapeutics skyrocketed after Regeneron Pharmaceuticals agreed to buy the biotech firm for up to $213 million to expand its gene therapy pipeline.
( 16
min )
Obtaining a company's prospectus—or other financial documents—is now a simple online task.
( 20
min )
Credit Unions often offer lower interest rates on the loans they offer. Learn how to get a credit union personal loan and reap the benefits of being a member.
( 21
min )
GDP per capitais a metric that breaks down a country's GDP per person and is calculated by dividing the GDP of a country by its population.
( 25
min )
Marginal benefit is an incremental change in a consumer's benefit, while marginal cost is an incremental change in a company's production expense.
( 23
min )
Amazon is reportedly in talks to become an anchor investor in the IPO of Arm Ltd., a British semiconductor and software design company. The IPO, expected to be one of the largest this year, could help Amazon boost its cloud business.
( 18
min )
The U.S. runs both fiscal and current account deficits, which together are referred to as twin deficits.
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min )
The labor force participation rate is a measurement of an economy’s active workforce.
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min )
Tenancy at sufferance is a legal circumstance when a property renter continues to live on a property after a lease term has expired.
( 18
min )
Rates on 30-year mortgages have sunk almost a quarter percentage point over the past three days, with the averages on almost every other loan type dropping as well.
( 20
min )
Penn Entertainment shares surged after inking a $2 billion deal to rebrand and relaunch its sportsbook as ESPN Bet.
( 17
min )
The Kelley School of Business is the business school of Indiana University. It offers programs in finance, accounting, marketing, and management.
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min )
Mass production allows consumer goods to be made for the broadest possible market, lowering costs overall.
( 22
min )
What is the difference between representative samples and random samples, and how are they are used to reduce sampling bias?
( 21
min )
Unemployment is the term for when a person who is actively seeking a job is unable to find work.
( 28
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Only 18% of Americans believe now is a good time to buy a home, even as consumers report improved job security and financial health, according to a new survey from Fannie Mae.
( 18
min )
June inflation was the lowest annual rate in more than two years. But how long will it take to get under the Federal Reserve's target rate of 2%?
( 18
min )
The University of Chicago’s Booth School of Business is the graduate business school of the University of Chicago.
( 21
min )
The graduate record examination (GRE) is a standardized test that measures one's aptitude for abstract thinking.
( 24
min )
Grad schools typically take a holistic approach when evaluating applicants. Emphasize your strengths while addressing your weaknesses.
( 25
min )
Group term life insurance is life insurance offered as an employee benefit. Often a base amount is covered at no charge, with the option to add more.
( 25
min )
What battery metals are to gigafactories, helium is to everything from scientific research, medical technology and high-tech manufacturing to space exploration and national defense
( 41
min )
Electric bus and battery maker Proterra Inc. won’t fight an Aug. 17 delisting from the Nasdaq as it works on a bankruptcy reorganization plan. The post Proterra won’t fight Nasdaq delisting following bankruptcy filing appeared first on FreightWaves.
( 32
min )
"Equities seem oversold as well. So, we think the probability for stocks to rally strongly after CPI is very high," Fundstrat's Tom Lee said.
( 31
min )
The Johnson & Johnson spinoff is the consumer health company that makes Listerine and Tylenol.
( 26
min )
The entertainment giant’s is raising the cost of the ad-free versions of Disney+ and Hulu by more than 20% each.
( 26
min )
Shares of the AI chip maker slumped despite a lack of news. Is more downside ahead?
( 26
min )
The U.S. Securities and Exchange Commission (SEC) said it would file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP, the regulator said in a court filing Wednesday.
( 31
min )
(Bloomberg) -- Proterra Inc., the electric bus maker touted by President Joe Biden that filed for bankruptcy this week, was the recipient of millions of dollars in US Covid-relief government aid. Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, Chin
( 32
min )
Baidu, TikTok-owner ByteDance, Tencent and Alibaba have made orders worth $1 billion to acquire about 100,000 A800 processors from the U.S. chipmaker to be delivered this year, the FT reported, citing multiple people familiar with the matter. The Biden administration last October issued a sweeping set of rules designed to freeze China's semiconductor industry in place while the U.S. pours billions of dollars in subsidies into its chip industry. Nvidia offers the A800 processor in China to meet export control rules after U.S. officials asked the company to stop exporting its two top computing chips to the country for AI-related work.
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min )
"Flexible workspaces have a future in the office ecosystem, but WeWork, in its current state, may not," BTIG analysts wrote Wednesday.
( 33
min )
John Schnatter, founder and former CEO of Papa John’s International Inc., this week reacted to the news of his case going to trial.
( 11
min )
(Bloomberg) -- Upstart Holdings Inc.’s breakneck rally is losing momentum after the lending platform that uses artificial intelligence provided a disappointing outlook.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealFirst American City to Tame Inflation Owes Its Success to Affordable HousingTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureNasdaq 100 Drops 1% in Run-Up to Key CPI Report: Markets Wr
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min )
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Roblox shares tumbled after the online gaming platform’s second-quarter loss per share widened because of increased costs.
( 17
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August hasn't been kind to the high-flying tech company.
( 26
min )
Wall Street expects the e-commerce giant to post decent earnings and revenue growth. Gloomy signs on China's economy cloud the outlook.
( 26
min )
Russia effectively abandoned its budget rule on Wednesday as the central bank said it would stop conducting finance ministry foreign currency purchases from Aug. 10 until the end of the year to try and prevent the rouble from plumbing new depths. The rouble pared losses on the news. Earlier on Wednesday it sank to its lowest for more than 16 months, past 98 to the dollar, hampered by strong demand for foreign currency and a lack of supply, with a shrinking trade surplus and widening budget deficit also hurting sentiment.
( 30
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The average U.S. 30-year mortgage rate jumped to a nine-month peak on Wednesday and hit the second-highest rate since 2001, as interest rates reacted sharply to a downgrading of U.S. government debt. The average 30-year mortgage rate shot up to 7.09% for the week ending Aug. 4, a 16 basis point increase from the previous week's 6.93% rate, according to a weekly report released by the Mortgage Bankers Association. Potential borrowers adjusted promptly to the surging cost of borrowing: the mortgage applications index - a measure of total mortgage application volume - fell 3.1% to a six-month low of 194.5.
( 30
min )
Shares of the tech giant have slumped since it reported earnings last week.
( 26
min )
Speaking at a J.P. Morgan investor conference, GM Chief Financial Officer Paul Jacobson said the automaker's electric vehicles, from Cadillac Lyriq SUVs to BrightDrop vans, had been affected by an issue with assembling battery modules - a stumbling block first noted last week by Chief Executive Mary Barra. Jacobson said GM had built more than 1,000 Lyriqs in July -- still well below the company's initial expectations. GM in early 2022 said it expected to build 25,000 Lyriqs at the company's Spring Hill, Tennessee, plant last year, but fell far short of that target.
( 30
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Fitch Ratings recently downgraded the United States' long-term foreign-currency issuer default rating from its highest AAA rating to AA+, and stocks fell on the news. But CNBC's Jim Cramer appears unfazed by the decision. "I'm not concerned about the Fitch downgrade," the "Mad Money" host said. "I am concerned that too many people remain too sanguine at the moment because that's not what we want to see. When you get too many bulls, it tends to eventually cause a nasty sell-off — so maybe some fe
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The S&P 500 has notched some very respectable returns this year, but there’s reason to believe it is only the beginning of a sustained multiyear rally. At least, that is the opinion of ‘Shark Tank’ star Kevin O’Leary, who believes that while various sectors of the US economy will be dealing with a series of difficulties, the S&P 500 is poised to ride the momentum of increased government expenditure in the upcoming years. O’Leary anticipates that the CHIPS and Science Act along with the Inflation
( 35
min )
The British pound continues to show strength in the form of support.
( 32
min )
Shares in sports gambling names have fallen in the wake of Penn's $2 billion deal for ESPN rights.
( 27
min )
The online platform for medical professionals said pharmaceutical companies are slowing down in shifting to handling information digitally.
( 26
min )
(Bloomberg) -- Roblox Corp. plunged by the most in nine months after reporting that people were spending less time playing its games in the second quarter and missing Wall Street’s estimates.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorTesla CFO Kirkhorn Exits With $590 Million FortuneWall Street WhatsApp, Texting Fines Exceed $2.5 BillionRoblox
( 31
min )
The company, which charters planes by the hour, has made a slew of restructuring measures this year, including job cuts and management changes. Delta said in a statement that it was providing a short-term capital infusion in the form of a secured promissory note as Wheels Up pursues strategic partnerships.
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The company posts a second-quarter net loss of 46 cents a share. A year ago, it posted a loss of 30 cents.
( 26
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Bank of America said more people had been taking hardship distributions from their retirement plans in recent months in a sign consumers may be running out of savings to propel economic growth.
( 32
min )
Arm plans to raise around $10 billion in its IPO.
( 11
min )
TUI is acutely aware that its holiday package tours could be prone to seasonality shifts, as the group has just had to deal with the impact of severe weather warnings and wildfires. Despite all this and rising prices, travel demand from its main markets remains strong.
( 32
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(Bloomberg) -- Carvana Co. raised its profit outlook as the used-car retailer said the momentum it saw from an early-year turnaround is carrying into the third quarter.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorTesla CFO Kirkhorn Exits With $590 Million FortuneWall Street WhatsApp, Texting Fines Exceed $2.5 BillionAdjusted earnings before inter
( 31
min )
Wall Street has many worries, including softer demand for Disney+ and weak performance at the box office.
( 26
min )
The software company lifted its adjusted operating income guidance for the year.
( 26
min )
Tuesday evening, electric-vehicle start-up Rivian reported strong second-quarter numbers, and increased production guidance. Analysts and investors are happy.
( 26
min )
Lidar maker Luminar Technologies reports second-quarter results in line with Wall Street expectations and maintains full-year financial guidance.
( 26
min )
Shares of Upstart fall sharply after the artificial-intelligence lending company issues a third-quarter earnings and revenue forecast that was below expectations, while Penn Entertainment surges after striking a deal with ESPN.
( 27
min )
(Bloomberg) -- Oil was steady — after closing at the highest since mid-April on concerns about a possible escalation of the conflict between Ukraine and Russia — ahead of data that may show swelling US crude stockpiles. Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionTesla CFO Kirkhorn Exits With $
( 31
min )
(Bloomberg) -- China’s former biggest builder Country Garden Holdings Co. has joined the ranks of once-strong developers that are deferring millions of dollars in payments, underscoring the sector’s entrenched debt woes.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionTesla CFO Kirkhorn Exits With $
( 32
min )
Wall Street has many worries, including softer demand for Disney+ and weak performance by the company's movies at the box office.
( 26
min )
A capitulation among market naysayers comes just as market risks are rising. Consider protecting some of your 2023 gains with this hedging strategy.
( 26
min )
China's consumer prices posted their first annual decline in more than two years in July, while factory gate prices extended their falls, data showed on Wednesday, as lacklustre demand weighed on the economy. The only bright spot was that the core CPI rebounded to 0.8% due to seasonal tourism during the summer, but I am afraid that it may lack sustainability. Given the base remained high last year, CPI will hardly rebound significantly in the second half of the year.
( 31
min )
A Boeing official told the county council that sites other than St. Louis have been considered for the aerospace manufacturer's proposed $1.8 billion expansion project, which would include construction of multiple buildings totaling one million square feet.
( 13
min )
At the end of June, the Biden Administration unveiled an ambitious goal to ensure reliable broadband internet access for the entire US, even the most remote rural areas. The project will involve a federal outlay of $42 billion, allocated to the states over the next two years. The President touts the initiative as a move to close the ‘digital gap’ that separates the haves and have-nots in the world of high-speed connectivity. “It’s the biggest investment in high-speed internet ever, because for t
( 34
min )
(Bloomberg) -- He built a fortune lending to low-income borrowers shunned by banks. He paid staff below-market wages and thought they still earned too much. He gave away almost all his wealth to a handful of employees, content with his small house and a $5,000 car.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Excee
( 35
min )
Buurtwinkels worden in hun voortbestaan bedreigd, meldde NU.nl zondag. Veel NUjij'ers hopen dat ze blijven bestaan, maar gaan zelf meestal naar een grote supermarktketen. Waarom willen ze het één, maar doen ze het ander? Een greep uit de reacties.
( 4
min )
Op NU.nl vind je elke dag een stelling die bij het nieuws past. Lang niet alles waar statiegeld op zit wordt ingeleverd, bleek maandag. Lever jij je blikjes in, of gooi je ze nog steeds in de prullenbak? Is 15 cent statiegeld de moeite waard? Breng je stem uit en discussieer mee.
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min )
ABN AMRO en ING zagen hun winst afgelopen kwartaal verdubbelen. Belangrijkste oorzaak is de serie renteverhogingen van de Europese Centrale Bank. In Italië en andere landen wordt gewerkt aan een extra bankenbelasting voor overwinsten. Of dat ook in Nederland een goede zet is, vragen experts zich af.
( 4
min )
De marktprijs voor gas is woensdagmiddag omhooggeschoten. Op de Amsterdamse gasbeurs steeg de prijs met meer dan een derde tot ruim 43 euro per megawattuur. Dat is het hoogste niveau sinds mei. De oorzaak is een dreigende staking in Australië.
( 3
min )
Eerst viel er zes weken geen spat regen, daarna kreeg Nederland juist zes weken wisselvallig weer. Sinds 22 juli halveerde het neerslagtekort zelfs bijna. Hoe uitzonderlijk is de snelheid van het ontstaan en verdwijnen van de droogte van 2023?
( 4
min )
De verhuurder van een winkelpand waarin een Big Bazar-filiaal is gevestigd, heeft het faillissement van de koopjeswinkel aangevraagd bij de rechtbank Amsterdam.
( 3
min )
Italië heeft binnen een dag de plannen voor een extra belasting op overwinsten van banken al afgezwakt. Beleggers raakten na de aankondiging van de maatregel in paniek en verkochten aandelen in Italiaanse banken. Om ze te kalmeren, begrenst de regering de extra belasting.
( 3
min )
De koers van het aandeel Novo Nordisk is deze week omhooggeschoten. Dat gebeurde nadat uit onderzoek was gebleken dat een diabetesmedicijn van het Deense farmaceutische bedrijf, dat ook effectief is als afslankmiddel, ook goed werkt tegen hart- en vaatziekten.
( 3
min )
Hoewel energie nu veel goedkoper is dan vorig najaar, kunnen prijzen bij een koude winter weer snel oplopen. Daarvoor waarschuwt E.ON, het Duitse moederbedrijf van Essent en Energiedirect. "De energiecrisis is nog niet helemaal voorbij", zegt bestuurder Leonhard Birnbaum.
( 3
min )
Klanten en winkelmedewerkers moeten nog wennen aan het inleveren van blikjes voor statiegeld. "Iedereen is erbij gebaat dat het goed verloopt", zegt topman Frans Muller van supermarktconcern Ahold Delhaize.
( 4
min )
De koers van het aandeel Novo Nordisk is deze week omhooggeschoten. Dat gebeurde nadat uit onderzoek was gebleken dat een diabetesmedicijn van het Deense farmaceutische bedrijf, dat ook effectief is als afslankmiddel, ook goed werkt tegen hart- en vaatziekten.
( 3
min )
Klanten en winkelmedewerkers moeten nog wennen aan het inleveren van blikjes voor statiegeld. "Iedereen is erbij gebaat dat het goed verloopt", zegt topman Frans Muller van supermarktconcern Ahold Delhaize.
( 4
min )
Ahold Delhaize heeft de winst in het afgelopen kwartaal zien dalen. Het supermarktconcern had last van onder meer hogere energiekosten en stakingen in België.
( 3
min )
Bud Light may never recover from the ongoing controversy surrounding the brand, according to an anonymous beer distributor who spoke to the New York Post on July 31. Many more Anheuser-Busch InBev distributors have resigned themselves to their painful Bud Light losses and have given up on luring customers back following the controversial ad campaign. During the past few months, the company experienced hiring freezes and mass layoffs. Beer truck drivers face heckling and harassment. The revelatio
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min )
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Today's top three nationwide CD rates are 5.75% from Andrews Federal Credit Union, 5.75% from INOVA Federal Credit Union, and 5.65% from Dow Credit Union.
( 20
min )
Boston Beer Company's cofounder spent about $140 on two shares of Procter & Gamble more than six decades ago. They're worth $20,000 today.
( 32
min )
The EV maker reported a per-share loss of $1.08 while Wall Street had expected a loss of $1.43.
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min )
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Shares of Tilray Brands skyrocketed after the maker of marijuana products and craft beer purchased eight beer and beverage brands from Budweiser parent Anheuser-Busch InBev.
( 18
min )
Dutch Bros Inc. (NYSE: BROS) posts 103% rise in second-quarter Ebitda Revenue rose 34% in second quarter to $250 million on new locations, same shop sales Raises full-year Ebitda guidance to $135 million and $140 million President Christine Barone will become CEO and President in January 2024 Current CEO Joth Ricci to leave after five […]
( 32
min )
(Bloomberg) -- Coupang Inc., the online retailer popular in South Korea for dawn and one-day delivery, posted its fourth straight quarterly profit after investments in logistics and membership programs helped shore up margins.Most Read from BloombergUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionMusk Says He May Need Surgery, Will Get MRI on Back and NeckThe Global South Breaks Away From the US-Led World OrderBillionaire Desmarai
( 31
min )
Ratings agency says its also watching some of nation's biggest lenders for possible cuts amid ongoing financial strain.
( 31
min )
Oxy exceeded production guidance for the second quarter in the Permian Basin and the Rockies. Here's what else is happening for the upstream energy company.
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min )
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Chipmaker Nvidia has announced the release of its next-generation chip to capitalize on the demand for AI models and lower costs for developers.
( 19
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(Bloomberg) -- Oil reversed losses after Ukrainian President Volodymyr Zelenskiy said his country would retaliate if Russia continues to block Ukrainian ports.Most Read from BloombergUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksMusk Says He May Need Surgery, Will Get MRI on Back and NeckWall Street WhatsApp, Text-Message Fines Exceed $2.5 BillionThe Global South Breaks Away From the US-Led World OrderChina’s Trade Plunges More Than Forecast in Blow to RecoveryZelenskiy’s warning tr
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Nothing hurts like an empty nest egg.
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More Americans plan to claim Social Security benefits for retirement earlier than later, even if it means leaving money behind. Here's why.
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(Bloomberg) -- Tilray Brands Inc. shares jumped the most since February 2021 after the cannabis and consumer packaged goods company agreed to buy eight beer and beverage brands from the owner of Budweiser.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Text-Message Fines Exceed $2.5 BillionThe Global South Breaks Away From the US-Led World OrderChina’s Trade Plunges More Than Fore
( 32
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(Bloomberg) -- US oil production this year will rise faster than previously expected, providing additional crude supplies to a market that has tightened because of Saudi Arabian output cuts, according to a new government forecast.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksThe Global South Breaks Away From the US-Led World OrderWall Street WhatsApp, Text-Message Fines Exceed $2.5 BillionChina’s Tra
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Yellow Corp. now faces a lawsuit from Teamsters members claiming its recent layoffs violated a federal act that required it to inform employees in advance. The company avers that it qualified for an exception.
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Bud Light received mixed reactions after partnering with transgender social media influencer Dylan Mulvaney in April. But renowned podcaster and comedian Joe Rogan still enjoys the brew. In a recent episode of "The Joe Rogan Experience" podcast, he cracked open a can of Bud Light with country music star Zach Bryan. "And we're drinking Bud Lights, ladies and gentlemen. Sorry. There's nothing wrong with it," Rogan said. "People are so silly. We were just talking about silliness. One person made a
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Enough selling pressure could push the S&P 500 to 4300, a level it last saw in June.
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Outgoing Tesla Chief Financial Officer Zachary Kirkhorn is the beneficial owner of about 2.7 million shares of Tesla stock. He could choose to monetize them soon.
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Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.
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The company warned that some larger cloud customers are continuing to take a conservative approach to spending.
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Berkshire Hathaway is sitting on $144 billion, but CEO Warren Buffett believes there are better ways to use the spare cash than paying dividends.
( 21
min )
(Bloomberg) -- International Flavors and Fragrances Inc. fell after slashing its full-year sales guidance as customers pull back on spending while working through their stashes of products instead of replenishing their pantries. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Payments PushThe Global South Breaks Away From the US-Led World OrderHSBC Execu
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The Cupertino-based tech titan has lost its standing as a $3 trillion company.
( 11
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Eli Lilly’s diabetes treatment Mounjaro, which is widely used for weight loss, raked in nearly $1 billion in second-quarter sales, or more than $200 million above what Wall Street had expected. Shares of the drugmaker soared to an all-time-high early Tuesday after Lilly said Mounjaro sales swelled more than 70% since the first quarter to $980 million. The U.S. Food and Drug Administration approved the drug at the end of last year's second quarter to treat type 2 diabetes, but analysts see a lot of potential for it in the booming market for weight-loss treatments, and doctors have already been prescribing it off-label for that.
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DraftKings upgraded, Home Depot downgraded: Wall Street's top analyst calls
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Finding solid returns is the key to success in stock investing, but there are almost as many paths to that as there are investors. You can pack your portfolio with long-term stocks featuring slow appreciation; you can invest heavily in trending stocks that are riding a bubble, hoping to cash out at the right time; or you can buy into low-cost equities that feature high potential to boom. That last is the allure behind the penny stocks. Traditionally priced for a dollar or less per share, today t
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Moody's Investors Service cut the credit ratings of 10 U.S. regional banks and said it was reviewing the ratings of six other institutions, pointing to lower profits and higher funding costs.
Shares of M&T Bank (MTB), Pin
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The stock falls sharply after the scent and flavor maker cuts its full-year sales outlook.
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(Bloomberg) -- Tesla Inc. has a long history of promoting talent from within. Outside hires don’t last for very long in the carmaker’s scrappy, hard-charging culture, and it takes a certain stamina to work for Elon Musk.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckUS Bank Shares Drop After Moody’s Cuts Ratings, Warns on RisksThe Global South Breaks Away From the US-Led World OrderEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches
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Palantir stock was rising early Tuesday after a drop following its earnings report. All eyes are on the progress of its artificial-intelligence platform after a stunning rally this year so far.
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Is it a viable plan to use my 401(k) for the eight years between retirement (age 62) and the max payout age for Social Security (age 70)? I have about $750,000 and I’m planning to take about $1,700 per month. I already have a pension of about $1,500 per month. –Lynne Waiting to file for […] The post Ask an Advisor: Should I Delay Social Security and Rely on My 401(k) for 8 Years? I Have $750k in Savings and a Pension appeared first on SmartReads by SmartAsset.
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The EV maker produced and sold about 10% more vehicles than expected in the second quarter.
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Sometimes, regular riders may be shocked by the cost of an Uber ride, but it's not something you'd expect the company's CEO to encounter. But Wired Editor at Large Steven Levy recently took a 2.95-mile Uber ride in New York City to meet Uber Technologies Inc. CEO Dara Khosrowshahi. When Levy asked Khosrowshahi to estimate the ride's cost, he casually put it at $20. Much to everyone's surprise, the price turned out to be $51.69, including a tip for the driver. "Oh, my God. Wow," Khosrowshahi excl
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min )
(Bloomberg) -- Moody’s Investors Service lowered credit ratings for 10 small and midsize US banks and said it may downgrade major lenders including U.S. Bancorp, Bank of New York Mellon Corp., State Street Corp., and Truist Financial Corp. as part of a sweeping look at mounting pressures on the industry.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Pay
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min )
The Delhi-trained public accountant with big shoes to fill has kept a low profile since joining Tesla in 2016—a very low profile.
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min )
Barington Capital is pushing the company to find new directors, and possibly a new CEO.
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Novavax reported a second-quarter profit on Tuesday, helped by strong revenue from its COVID-19 vaccines, but still trimmed its full-year forecast for sales of the shot. The biotech company also entered into a stock purchase agreement with SK Bioscience Co, under which Novavax will issue 6.5 million shares to the South Korean company at $13 per share. Shares of Novavax were up 19% at $8.95 in premarket trading.
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min )
Advanced Micro Devices (AMD) shares have jumped 80% in 2023. This uptrend is being powered by mega appetite for the stock.
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min )
UPS’ full-year guidance change reflects the volume and cost impact from labor negotiations with the Teamsters. The post UPS lowers full-year outlook, posts drop in Q2 results appeared first on FreightWaves.
( 31
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Billionaire Charlie Ergen is planning to combine pay-TV provider Dish Network and satellite-communications company EchoStar.
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Results of a study looking at whether Novo Nordisk's Wegovy reduces the risk of heart attack and stroke are released Tuesday.
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Revenue declined at UPS in the second quarter and the package delivery company lowered its full-year revenue expectations by $4 billion, primarily due to a tentative labor contract reached late last month with its 340,000 unionized workers. UPS reached a tentative deal with the International Brotherhood of Teamsters, potentially averting a strike that threatened to disrupt package deliveries for millions of businesses and households nationwide. Under the agreement, which still needs to be approved by union members, full- and part-time union workers will get $2.75 more per hour in 2023, and $7.50 more by the end of the five-year contract.
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Eli Lilly beat Wall Street estimates for second-quarter profit on Tuesday, buoyed by strong demand for its new diabetes drugs Mounjaro, ahead of a decision on the medicine's use as a weight-loss treatment. Excluding items, the U.S. drugmaker earned $2.11 per share in the quarter ended June 30, above analysts' average expectations of $1.98.
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Kirkhorn was a key part of Tesla's turnaround over the last five years, says Dan Ives of Wedbush Securities.
( 31
min )
A plunge in Chinese imports bodes ill for Alibaba. But falling exports holds gloomy signs for the global economy more broadly.
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min )
The rating agency said rising funding costs, possible decline in deposit levels and weaker profitability pose risks to the banking sector, which went through a crisis earlier this year after the collapse of three lenders. "The Moody's announcement is a wake-up call," Stuart Cole, chief macro economist at Equiti Capital, said.
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Meanwhile, the global shipping downturn, which has hurt margins for the sector, has forced logistic firms to balance costs and capacity to lower demand. UPS now expects 2023 consolidated revenue to be about $93 billion, compared with a prior forecast of about $97 billion. The company expects full-year adjusted operating margin of around 11.8%, compared to its prior forecast of about 12.8%.
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Average prices of gold during the reported quarter rose 4.3% compared to last year, nearly touching an all-time high in May as U.S. banking concerns accelerated a rush to the safe-haven asset. The company's average realized gold prices stood at $1,972 per ounce, up from $1,861 per ounce a year earlier. Meanwhile, all-in sustaining costs (AISC) for gold, a key industry metric that reflects total expenses associated with production, rose to $1,355 per ounce from $1,212 per ounce in the year-ago quarter.
( 31
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Palantir stock was rising early Tuesday after a drop following its earnings report. All eyes are on the progress of its artificial-intelligence platform after a stunning rally this year so far.
( 27
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(Bloomberg) -- A selloff in emerging markets accelerated Tuesday after data releases from China to Hungary underscored the price nations are paying for disinflation: a deeper slowdown in economic growth than initially expected.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckEastern US Prepares for a ‘Potent’ Storm System: Weather WatchPayPal Launches a Stablecoin in Latest Crypto Payments PushHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaTexas Pow
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Major Chinese property developer Country Garden said on Tuesday it has not paid two dollar bond coupons due Aug 6 worth a total of $22.5 million. The bonds in question are notes due on Feb 2026 and Aug 2030 , both with 30-day grace periods, investors said, citing prospectus. Country Garden said its usable cash has continuously decreased, showing "periodic liquidity stress" due to deterioration in the sales and refinancing environment, and the impact from various fund regulations.
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Ratings agency Moody's downgraded the credit ratings of several U.S. banks on Monday and warned it was reviewing the status of some of the nation's biggest lenders. Moody's cut the ratings of 10 U.S. banks by one notch and placed some banking giants on review for potential downgrades. The downgraded banks include M&T Bank, Pinnacle Financial Partners, Prosperity Bank and BOK Financial Corp.
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Bitcoin edged up on Tuesday morning in Asia after U.S. multinational payment giant PayPal launched a U.S. dollar-pegged stablecoin on Monday.
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Employer-sponsored group term life insurance is often a free employee benefit. But it may not be enough to cover your family’s needs if you die.
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A jewelry floater is a type of supplemental insurance designed to protect precious jewelry.
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Today's top three nationwide CD rates are 5.75% from Andrews Federal Credit Union, 5.75% from INOVA Federal Credit Union, and 5.65% from Dow Credit Union.
( 19
min )
The Consumer Confidence Index is a survey that measures how optimistic or pessimistic consumers are regarding their expected financial situation.
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The S&P 500 dipped 0.4% on Tuesday, Aug. 8, 2023, as bank stocks lost ground after Moody’s downgrades.
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Bank of America study shows 401(k) balances are almost 10% higher as Generation Z and Millennials increase their contribution rates
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Wholesale inventories—the stock of goods available for sale by wholesalers and a factor that may influence the country's Gross Domestic Product (GDP)—fell 0.5% to $905.2 billion in June compared to May, but were 1.3% higher over the June last year.
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If you’ve seen fewer “made in China” labels on the products you buy, it’s no accident: trade between the U.S. and its biggest Asian trading partner has diminished as manufacturers have left China for friendlier shores.
( 18
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Bounty programs are rewards, usually in the form of tokens, to promote an initial coin offering (ICO).
( 19
min )
On Tuesday, Elon Musk's X Corp. entered into an exclusive partnership with Integral Ad Science Holding Corp. (IAS), an ad optimization company, to win back advertisers and address reports of growing hate speech on the platform.
( 19
min )
Chegg shares soared after the education technology provider posted better-than-expected sales and laid out its artificial intelligence strategy.
( 18
min )
Shares of Tilray Brands skyrocketed after the maker of marijuana products and craft beer purchased eight beer and beverage brands from Budweiser parent Anheuser-Busch InBev.
( 17
min )
Learn about robo Roth IRAs and if you should consider using a robo-advisor to manage your Roth IRA.
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When it comes to money management, there is no lack of choice. Here's a comparison of services from traditional advisors vs. those of a robo-advisor.
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Accelerated amortization occurs when a borrower makes extra payments toward their mortgage principal, speeding up the settlement of their debt.
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Chipmaker Nvidia has announced the release of its next-generation chip to capitalize on the demand for AI models and lower costs for developers.
( 17
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TSMC, Bosch, Infineon and NXP will build an $11 billion chip plant in Dresden, Germany, with production expected to begin by the end of 2027.
( 17
min )
Buying life insurance in a qualified retirement plan offers tax benefits, but this strategy can also be expensive and complex to manage. Here are the pros and cons.
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United Parcel Service, the world's biggest package delivery company, posted mixed second-quarter results on Tuesday, beating on earnings but falling short on revenues.
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min )
Harvard Business School is an internationally renowned business school located at Harvard University in Boston, Massachusetts.
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In a survey, 44% said they are concerned Social Security may run out of money and stop making payments.
( 18
min )
Amazon (AMZN) said on Tuesday it will be hosting a second Prime Day-style event in October named "Prime Big Deal Days," in an effort to lure shoppers ahead of the holiday season.
( 17
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If you’re feeling the financial pressure from today’s high interest rates on all kinds of loans, relief from a year and a half of rate increases may be on the way.
( 18
min )
Citi offers CDs, checking accounts, bank IRAs, and savings accounts. Learn more about its savings account rates, features, and account requirements.
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U.S. equities sank at midday on Tuesday, Aug. 8, 2023, following bank downgrades by Moody's and data showing credit card debt rose to a record.
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Rates on 30-year mortgages dropped for a second day, along with almost every new purchase and refi average. But jumbo loan rates meanwhile held steady.
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ADRs of Novo Nordisk surged to an all-time high after a study found Novo Nordisk's Wegovy weight-loss drug also helped cut risk of major adverse cardiovascular events by 20%.
( 17
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Eli Lilly shares rose to a record after the company posted better-than-expected results and raised its guidance on soaring demand soared for its diabetes drug, Mounjaro.
( 17
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Ratings agency Moody's cut the credit ratings of several small and midsized banks late Monday and warned other big lenders, citing profitability challenges and funding risks.
( 18
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Adjustable life insurance allows policyholders the option to change key features like premiums and the death benefit.
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The NFIB Small Business Optimism Index was slightly better than expected in July but overall small business owners continue to be troubled by prices, hiring, compensation and lower profits.
( 17
min )
Billionaire Charlie Ergen is combining Dish and EchoStar in an all-stock deal to create one big wireless network that could take on AT&T and Verizon.
( 18
min )
Beyond Meat's revenue declined 30% in the second quarter as consumers pulled back on buying plant-based meat.
( 17
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The Marshall School of Business at the University of Southern California offers a variety of undergraduate and graduate programs.
( 21
min )
Berkshire Hathaway is sitting on $144 billion, but CEO Warren Buffett believes there are better ways to use the spare cash than paying dividends.
( 21
min )
How much does it cost to send a text message? For 11 trading firms, the practice of their employees texting about work on their personal devices has cost a combined $549 million in fines from federal regulators.
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Survey shows Americans are receptive to AI tools to help care for them as they age, with Nationwide testing ‘eldercare robotics’ for those with mobility issues.
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Slowing revenue growth hasn't dented the profitability of America's biggest firms, as S&P 500 companies found alternative ways of boosting profits.
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Getting into a top school does not hurt, but it is not the real driver of who goes on to do well in life, as some provocative research shows.
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Here is a look at which presidents ran the largest federal budget deficits in U.S. history and why, from World War I through President Biden's administration.
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Insurance in the United States dates back to colonial days, when Benjamin Franklin was a property insurance pioneer.
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U.S. bailouts date all the way back to 1792. Learn how the biggest ones affected the economy.
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Gold ETFs operating as trusts are straightforward. The trust holds gold and issues shares. Learn how ETFs are more efficient than buying physical gold.
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In de afgelopen twintig jaar zijn steeds meer mensen gaan werken in ons land. Momenteel zijn er meer werkenden dan mensen zonder baan. In het tweede kwartaal waren er 120 mensen met betaald werk op 100 mensen die niet werkten.
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min )
Het aantal vluchten in Europa is in juli bijna weer op het niveau van voor de coronapandemie gekomen, meldt de Europese luchtverkeersleidingsdienst EUROCONTROL. Wel zorgde het extreme weer voor veel vertraging.
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Elf van de twaalf reisaanbieders laten op hun website prijzen zien waarvoor de vakantie helemaal niet te boeken is. Dat blijkt uit een controle van toezichthouder ACM. Binnen acht weken moeten de reisaanbieders hun zaken op orde hebben, anders volgen boetes.
( 4
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De Italiaanse regering gaat zogenoemde overwinsten van banken extra belasten, omdat banken profiteren van de oplopende rente. De overheid denkt daarmee 2 miljard euro op te halen voor belastingverlagingen en steun aan starters op de woningmarkt.
( 3
min )
Elf van de twaalf reisaanbieders laten op hun website prijzen zien waarvoor de vakantie helemaal niet te boeken is. Dat blijkt uit een controle van toezichthouder ACM. Binnen acht weken moeten de reisaanbieders hun zaken op orde hebben, anders volgen boetes.
( 4
min )
Om de beschikbaarheid van flexwoningen te stimuleren, kocht de overheid er alvast tweeduizend. Nu blijkt dat er ondanks een nijpend woningtekort nog steeds negentienhonderd in de opslag staan.
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Op NU.nl vind je elke dag een stelling die bij het nieuws past. Lang niet alles waar statiegeld op zit wordt ingeleverd, bleek maandag. Lever jij je blikjes in, of gooi je ze nog steeds in de prullenbak? Is 15 cent statiegeld de moeite waard? Breng je stem uit en discussieer mee.
( 3
min )
Doordat de voetbalsters hun WK-wedstrijden midden in de nacht spelen, komen Oranjegetinte reclames en acties vanuit winkeliers nog niet van de grond. De verwachting is dat de Oranjekoorts stijgt als Nederland vrijdag in de kwartfinale ook van Spanje wint.
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De Chinese export is in juli voor de derde maand op rij afgenomen. Het land voerde vorige maand 14,5 procent minder uit dan een jaar eerder, de grootste daling sinds het begin van de coronapandemie.
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Prijzen voor energie zijn in een jaar tijd met meer dan 34 procent gedaald. Desondanks blijft de inflatie met 4,6 procent in juli best hoog. Belangrijkste oorzaak is dat boodschappen nog steeds fors duurder zijn dan vorig jaar.
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We’re in the midst of a major economic transition, one that may eventually match the changes of the Industrial Revolution. The change, of course, is the advent of the green economy, and the switch from fossil fuel energy sources to renewable energy. While wind and solar power are soaking up the headlines, a more plausible long-term green power source is already near at hand: hydrogen. Hydrogen, the most common element in the universe, is all around us – highly reactive and non-polluting. When us
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Lucid reported a second-quarter per-share loss of 40 cents from sales of about $151 million. Wall Street was looking for a per-share loss of 34 cents from sales of $182 million.
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(Bloomberg) -- Proterra Inc., which makes heavy-duty electric vehicle components like chargers and batteries, filed for bankruptcy on Monday. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaThe Burlingame, California-based com
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Nothing warms an investor's heart more than seeing companies in their portfolio with consistently increasing earnings that also beat the analysts' expectations. With dozens of second-quarter real estate investment trust (REIT) earning reports coming out this week, take a look at three REITs with dividend yields above 6% that just beat Wall Street's second-quarter estimates for earnings and revenue. EPR Properties (NYSE:EPR) is a Kansas City, Missouri-based diversified experiential REIT that owns
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“The gravity of a challenging smartphone market particularly in developed regions that should continue…is a headwind for the stock,” UBS analyst David Vogt said.
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RingCentral posted solid second-quarter results that edged Wall Street estimates, but the cloud-based telecom provider left its full-year view mostly intact.
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Today's top three nationwide CD rates are 5.75% APY from Andrews Federal Credit Union, 5.60% APY from Northern Bank Direct, and 5.55% APY from Sallie Mae Bank.
( 20
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The Bud Light owner is selling eight beer and beverage brands for an undisclosed amount to the cannabis company.
( 26
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Things couldn't be going much better for the drugmaker. The stock is up about 50% over the past 12 months and nearly 25% so far this year.
( 26
min )
For all those who are not Tesla Inc (NASDAQ: TSLA) or one of the biggest Chinese EV makers, the EV venture is wildly risky ride that makes profitability seem like mission impossible sometimes. Although Kelley Blue Book reported that EV sales skyrocketed 65% last year while automotive sales contracted 8%, the EV adoption is everything but fast as it entails hefty costs. For manufacturers, Tesla made it even harder by starting a price war at the beginning of the year, one that not many are able to
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Tesla surprised the Street with news of the departure of its longtime CFO.
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(Bloomberg) -- When China abandoned pandemic restrictions after three years of stringent controls, Nie Xingquan was expecting booming sales for his hand-made leather shoes. Instead, demand has been so poor that he’s had to cut prices 3% from a year ago and reduce his profits.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Dro
( 33
min )
Wall Street is looking for a 3-cent per share loss from sales of $1.3 billion. A year ago, Li reported a 2-cent loss from $780 million in sales.
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Plant-based meat maker Beyond Meat said its revenue plunged 30.5% in the second quarter as consumer demand for its burgers, sausages and other products fell despite price cuts. The El Segundo, California-based company lowered its full-year revenue forecast as a result. International revenue was down 8.7%.
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The tech titan has had three consecutive quarters of declining sales for the first time since 2016. The stock was the Dow's worst performer on Monday.
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The repurchase program is the data-analytics software company's first since the stock began trading in 2020.
( 27
min )
Palantir Technologies raised its annual revenue forecast on Monday and said it would buy back shares worth up to $1 billion as the data analytics software maker enjoys "unprecedented demand" for its artificial intelligence platform. In a letter to shareholders, CEO Alexander Karp said the platform has users across over 100 organizations, including from automotive and healthcare industries, and that Palantir was in talks with more than 300 additional companies. Investors expect Palantir to have an edge over others in working with large language models in heavily regulated industries such as defense due to its work with U.S. government bodies including the Central Intelligence Agency.
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The quarterly earnings report from Berkshire Hathaway was the first with a full set of financial numbers from Pilot. The post 1st peek at Pilot’s finances after Berkshire Hathaway ownership grows appeared first on FreightWaves.
( 31
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The tech titan has had three consecutive quarters of declining sales for the first time since 2016. The stock was the Dow's worst performer on Monday.
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With elevated interest rates, securing a mortgage to buy a house can be challenging. But what could be more surprising is how the numbers actually work once you start making mortgage payments. "New mortgage math is brutal," Austen Allred, co-founder and CEO of online coding bootcamp Bloom Institute of Technology, wrote in a recent tweet. Allred explained that if you purchase a $1 million house with a $200,000 down payment and get an $800,000 mortgage at a 7% interest rate, in the first three yea
( 32
min )
(Bloomberg) -- A beaten down micro-cap biotech company, Vistagen Therapeutics Inc., is having its best day ever, surging north of four digits after its experimental nasal spray for social anxiety disorder hit targets in a late-stage trial.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatPayPal Launches a Stablecoin in Latest Crypto Payments PushUkraine Black Sea Drone Attacks Signal Rapidly Expanding W
( 31
min )
Shares of Tesla are down in afternoon trading after Elon Musk's electric-vehicle company said its chief financial officer stepped down.
Zachary Kirkhorn stepped down after a 13-year tenure with the company, Tesla s
( 21
min )
Shares of the chip company Intel have gained about 35% so far this year as they gain ground lost in last year’s rout. The CEO just bought $250,000 of stock.
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min )
Tesla’s 39-year-old chief financial officer has left the company with a $170m (£130m) fortune after just four years in the post.
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min )
Viatris CEO Scott A. Smith said that the company will be announcing at least one and perhaps others of its planned $9 billion in divestitures.
( 10
min )
(Bloomberg) -- The fortune of Vietnam’s wealthiest man is poised to soar by as much as $11 billion, vaulting him to the upper ranks of the world’s richest people — for a while, at least.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaPayPal Launches a Stablecoin in Latest Crypto Payme
( 33
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MS equity strategist Michael J Wilson noted that massive fiscal stimulus, prompted by the COVID-19 pandemic since its outbreak in 2020, allowed the U.S. economy to grow faster than forecast. This resilience in the face of rapid interest rate hike by the U.S. Federal Reserve has seen some Wall Street strategists chalking in a continued rally for some U.S. stocks. While aggressive fiscal spending could continue, given the debt ceiling has been raised, fiscal policy has limits as deficits would widen - one of the reasons for Fitch's downgrade.
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The company said boosting dividends was part of a “sustainable and progressive” approach to investor payouts.
( 31
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That's how much market value Apple has lost over the course of a recent losing streak for its stock, according to Dow Jones Market Data as of Monday morning.
Shares of Apple are falling Monday for a fifth consecutive trading session. The sell off intensified after Apple [reported earnings](https://
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Investors are constantly looking for different ways to beat the market and there are several routes to follow in that pursuit. One common strategy is to keep track of the insiders’ moves. By insiders, we mean the corporate officers responsible for their own companies’ performance, who also naturally know the inner workings of the firms they work for better than anyone else. When they are seen picking up shares of company stock – by law they are required to make the transactions public – it sends
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Zachary Kirkhorn, who some watchers of the EV company have said could take on an expanded role if CEO Elon Musk wanted to do less, is stepping down.
( 26
min )
Sage Therapeutics says it is 'evaluating resource allocation, including pipeline prioritization and a workforce reorganization with a goal of extending our cash runway.'
( 27
min )
PayPal would represent a blue-chip alternative to the largest stablecoin issuer, Tether, which could make $6 billion in profit this year.
( 26
min )
Swings in stocks and bonds have boosted the metal’s popularity with ordinary investors.
( 26
min )
American Airlines downgraded, United upgraded: Wall Street's top analys
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min )
The EV maker appointed Vaibhav Taneja as chief financial officer, succeeding Kirkhorn.
( 25
min )
Guggenheim analysts downgraded Cloudflare while Wedbush pulled Palo Alto Networks from its best ideas list as worries spread about cybersecurity spending.
( 27
min )
(Bloomberg) -- Tyson Foods Inc. will shut down four additional chicken facilities after fiscal third-quarter sales trailed even the lowest of analyst estimates. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampProduction f
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Tyson Foods Inc. is closing four chicken processing plants as it looks to lower costs. The company said Monday that the plants being closed are located in North Little Rock, Arkansas; Corydon, Indiana; Dexter, Missouri and Noel, Missouri. Tyson said that it will shift production to other facilities and halt operations at the four plants in the first two quarters of fiscal 2024.
( 31
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Tesla said on Monday that Zachary Kirkhorn stepped down as its chief financial officer and named Vaibhav Taneja as its new finance chief. Taneja takes on the CFO role in addition to his role as chief accounting officer, the automaker said. Kirkhorn, who stepped down from his role on Friday, will remain with Tesla through the end of the year.
( 30
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Kevin O'Leary, the entrepreneur and "Shark Tank" television star, expressed concern over a "crisis emerging" in the United States during a recent interview on Fox Business. O'Leary, who works closely with small and mid-sized businesses, said he doesn't see optimism increasing in the economy as some may suggest. Despite reports of optimism in the data, O'Leary's interactions with businesses across various states reveal a different reality — entrepreneurs are far from content with the prevailing e
( 32
min )
Campbell said the deal for Sovos Brands is expected to close in December.
( 26
min )
Nikola stock has been all over the place. The trend, despite all the volatility, is up. Shares have been boosted by demand for the company's hydrogen fuel cell-powered trucks.
( 27
min )
Tracy Britt Cool likened her approach in reaching out to businesses to applying for college scholarships, saying it takes energy and discipline.
( 31
min )
Sales drop by more than expected in the second quarter, but BioNTech says its new 'variant-adapted Covid-19 vaccine' is still on track.
( 27
min )
U.S. inflation data due this week could provide fresh catalysts to crypto markets that are in a bit of a slump.
( 26
min )
The company is closing more meat-processing plants as it continues to try to fix its chicken business, while challenges persist across its beef and pork operations.
( 25
min )
The maker of Ball Park hot dogs and other foods closed four chicken facilities to cut costs, recording an impairment charge.
( 26
min )
Three years into the return-to-office battle and it’s becoming apparent that its staunchest supports are losing ground.
( 32
min )
(Bloomberg) -- Federal Reserve Bank of New York President John Williams sees the need to keep US monetary policy restrictive for some time and said interest-rate cuts may be warranted next year if inflation slows. Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarHSBC Executive Slams ‘Weak’ UK for Backing US Against ChinaNetanyahu Seeks to Chan
( 30
min )
In highly polarized times, no matter the cultural or political issue, broadly, 45% support you, 45% are against you, and about 10% are undecided.
( 34
min )
Tyson Foods said on Monday it is closing four more U.S. chicken plants in its latest effort to cut costs. The meat company has grappled with declining profits and struggled to improve results in its chicken business. Tyson said it would move the work performed in the plants to newer facilities that are closer to its customers, but declined to say how many employees were affected.
( 31
min )
Block stock tumbled into the end of the week, but analysts are turning more upbeat given the fintech group's guidance and position among peers.
( 26
min )
(Bloomberg) -- Nvidia Corp. has soared more than 200% this year, and if that’s used as a proxy for the bubble in artificial intelligence stocks, Morgan Stanley reckons the peak in the bull-run is near.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How J
( 31
min )
Fortinet stock fell 25% on Friday after it warned of deals being delayed. Guggenheim's Raymond McDonough says it's time to buy the dip.
( 26
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Surging U.S. corporate bankruptcies surpass the total for all of 2022 as filings reach pace on par with pandemic, global financial crisis years.
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“It requires the discipline and the time and the energy to do it. And to invest in that.”
( 31
min )
Sales drop by more than expected in the second quarter, but BioNTech says its new 'variant-adapted Covid-19 vaccine' is still on track.
( 27
min )
Wall Street's main indexes ended the week lower on Friday with some investors taking profits after months of gains due to economic data, mixed earnings and rising Treasury yields. U.S. stocks have sharply rallied in 2023, with the benchmark S&P 500 clocking 16.6% gains year to date, fueled by optimism around artificial intelligence and hopes of a soft landing for the world's largest economy. Both Bank of America and JPMorgan last week ditched their forecasts for a U.S. recession.
( 31
min )
(Bloomberg) -- Banks seeking to sell commercial-property loans are encountering a dried-up market with few options for an easy exit.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampLenders including Goldman Sachs Grou
( 35
min )
(Bloomberg) -- Oil held gains after Ukraine attacked another Russian vessel over the weekend, putting at risk significant flows of the nation’s commodities from the Black Sea such as crude and grains.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageDeSantis Camp Hit by Gloom a
( 32
min )
Apartment buildings rose in value for years, but surging interest rates loom over the sector’s property owners now.
( 26
min )
(Bloomberg) -- A fresh fiscal showdown is brewing in Washington that threatens to complicate the Federal Reserve’s policy making and strengthen Fitch Ratings’ warning that self-inflicted wounds are tarnishing America’s standing in the global economy.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckTexas Power Prices to Surge 800% on Sunday Amid Searing HeatShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rap
( 32
min )
U.S. inflation data due this week could provide fresh catalysts to crypto markets that are in a bit of a slump.
( 26
min )
The 99-year-old company filed for Chapter 11 bankruptcy protection Sunday and said it will seek court authorization to make payments such as employees wages, salaries and benefits.
( 26
min )
Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide. The Chapter 11 bankruptcy, which was filed Sunday, comes just three years after Yellow received $700 million in pandemic-era loans from the federal government. Former Yellow customers and shippers will face higher prices as they take their business to competitors, including FedEx or ABF Freight, experts say — noting Yellow historically offered the cheapest price points in the industry.
( 31
min )
↗️ Berkshire Hathaway (BRK.B, BRK.A): Warren Buffett’s conglomerate swung to a second-quarter profit of
( 21
min )
Warren Buffett's Berkshire Hathaway reports second-quarter after-tax operating earnings of $10 billion, a quarterly record, trucking company Yellow files for bankruptcy, and Lucid slashes prices ahead of Monday's earnings report. Palantir also reports Monday, while UPS, Eli Lilly, and Walt Disney are scheduled to issue earnings later this week.
( 27
min )
(Bloomberg) -- China raised its gold reserves for a ninth straight month in July as central bank purchases continue to underpin prices of the precious metal.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatMusk Says He May Need Surgery, Will Get MRI on Back and NeckShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampBullion hel
( 30
min )
(Bloomberg) -- Warning bells are ringing for US stocks from signs that high fiscal spending, which underpinned economic growth this year, is unsustainable, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatMusk Says He May Need Surgery, Will Get MRI on Back and NeckShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How J
( 32
min )
(Bloomberg) -- Investors in emerging markets are shifting to stocks from bonds as they prepare for the world after monetary tightening.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatMusk Says He May Need Surgery, Will Get MRI on Back and NeckShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampThere are early signs of a rotati
( 32
min )
Saudi Arabia's state-run oil giant Aramcobrought in $30 billion in revenues in the second quarter, a nearly 40% decline from the same period the previous year, which it attributed to lower crude oil prices. Aramco is one of the biggest companies in the world, and Saudi Arabia is looking to oil revenues to fund ambitious plans to overhaul its economy.
( 29
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Saudi Arabian state oil giant Aramco on Monday reported a near 38% drop in second-quarter net profit reflecting lower oil prices and thinner margins in refining and chemicals. Aramco's net profit fell to 112.81 billion riyals ($30.07 billion) for the quarter to June 30 from 181.64 billion a year earlier, the company said in a bourse filing, but topped the $29.8 billion expected by 15 analysts in an Aramco-provided poll. ($1 = 3.7513 riyals)
( 29
min )
China's state planner hinted of stimulus over three press conferences convened last week, but investors were underwhelmed by proposals to expand consumption in the automobile, real estate and services sectors as well as extend loan support tools for small and medium-sized enterprises until the end of 2024. As many of China's major markets grapple with higher borrowing costs amid a battle to bring down soaring inflation, authorities in Beijing are walking a tight rope in trying to boost domestic consumption without easing monetary policy too much lest it triggers large capital outflows. But South Korean exports to China, a leading indicator for imports to the Asian giant dropped 25.1% in July from a year earlier, the sharpest in three months.
( 30
min )
Thailand is benefiting from India's rice export ban and has no reason to halt shipments of the grain itself, its commerce minister said on Monday. The government would ensure sufficient rice output for both domestic consumption and exports, and also make sure domestic prices are not too high, minister Jurin Laksanawisit told a press briefing. In the first seven months, Thailand shipped 4.8 million metric tons, he said, adding monthly exports stood at 700,000 to 800,000 metric tons.
( 30
min )
Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts will start from this week, two people with knowledge of the matter said, as part of the bank's integration with UBS Group. Only about 20 bankers will likely be spared the cuts that will impact Credit Suisse's 100-people strong investment banking team based in the territory, the people said, declining to be identified as the discussions on the matter were private. Hong Kong makes up Credit Suisse's biggest share of investment bankers in Asia.
( 31
min )
(Bloomberg) -- After India banned some rice exports to control domestic prices, traders are worried another food staple could be vulnerable: sugar.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageThe world has beco
( 32
min )
When the chip designer Arm shortly sells shares in this year’s most closely watched initial public offering (IPO), it will represent for many the final Americanisation of a great British company.
( 35
min )
(Bloomberg) -- Hedge funds ramped up their bearish Treasuries bets to a record last week just as yields surged toward multi-month highs, while more traditional investors were burnt having boosted wagers in the opposite direction with similar conviction.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampMusk Says He May Need Surgery, Will Get MRI on Back and NeckUkraine Black Sea Drone Attacks Signal
( 31
min )
(Bloomberg) -- Yellow Corp. filed for bankruptcy after the trucking firm’s long-running financial woes were compounded by a dispute with its labor force. Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarUS Lab Behind Fusion Breakthrough Reaches Ignition AgainThe carrier listed
( 31
min )
The bankruptcy follows years of struggles as it tried to address the debt it accumulated through a series of mergers and a $700 million federal Covid-19 relief loan.
( 28
min )
(Bloomberg) -- The euro zone’s custodians have set a course for the biggest policy-inflicted blow since the currency was created.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayShort Seller Hindenburg Nabs Tiny Gains Off $173 Billion CarnageThe combination of higher interest r
( 33
min )
Asian shares were trading mostly lower on Monday after U.S. employment data had Wall Street close out a losing week. Investors are also closely watching earnings reports due later this week, including from Disney in the U.S., Alibaba Group in China and Sony and SoftBank in Japan. Japan's benchmark Nikkei 225 recouped losses earlier in the day and was down less than 0.1% at 32,190.31 in morning trading.
( 32
min )
(Bloomberg) -- Paytm founder Vijay Shekhar Sharma will acquire a 10.3% stake from China’s Ant Group Co., in an unusual transaction that won’t involve any cash payment or change in economic interest.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine Black Sea Drone Attacks Signal Rapidly Expanding WarUS Lab Behind Fusion Breakthrou
( 30
min )
U.S. trucking firm Yellow Corp filed for Chapter 11 bankruptcy protection on Sunday, burdened with a heavy debt load after a series of mergers and following tense contract negotiations with the Teamsters Union.
( 29
min )
(Bloomberg) -- Most Asian shares fell Monday after a mixed US jobs report and a reversal of gains on Wall Street that saw the S&P 500 lose a near 1% gain.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDan Loeb Surrendered But Meme Army Still Hits Bears for MillionsDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine’s Black Sea Drone Attacks Signal a Rapidly Expanding WarBenchma
( 32
min )
(Bloomberg) -- A clear majority of investors expect a US recession before 2024 is out, leading them to view the current bull market in stocks as ephemeral and to favor long-term US Treasuries.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDan Loeb Surrendered But Meme Army Still Hits Bears for MillionsDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayUkraine’s Black Sea Drone Attacks
( 33
min )
Already at a 16-year high, the top savings account rate has climbed again, to 5.25% APY offered by two banks. Another dozen offer yields above 5.00% APY.
( 19
min )
Today's top three nationwide CD rates are 5.75% APY from Andrews Federal Credit Union, 5.60% APY from Northern Bank Direct, and 5.55% APY from Sallie Mae Bank.
( 18
min )
According to Investopedia’s latest sentiment survey of our newsletter readers, more investors are expecting higher returns for the U.S. stock market over the next six months, and fewer are expecting losses. Fewer investors are making “safer” choices with their investments and leaning more into stocks.
( 17
min )
A guide to the third round of PPP funding under the Consolidated Appropriations Act, 2021, and how it differed from the first two rounds.
( 30
min )
A housing unit is a single residential unit in a larger structure that is occupied or intended as a separate living quarter.
( 18
min )
The S&P 500 snapped a four-day losing streak on Monday, Aug. 7, 2023, rising 0.9% after the latest round of earnings reports.
( 17
min )
Robo-advisors come in all shapes and sizes. Learn some of the pros and cons of automated financial advisory services.
( 26
min )
Following last week’s downward turn, the Dow Jones Industrial Average bounced back, rising 407 points, or 1.2%, as investors readied for new inflation data to close out the week.
( 17
min )
For the first time in more than two years, credit card debt is falling, as banks make it more difficult for consumers to put purchases on plastic.
( 17
min )
Lawmakers said they were concerned over the $20 billion Adobe-Figma merger's effect on the market for the supply of interactive product design and digital asset creation tools.
( 16
min )
Sage Therapeutic shares fell to an all-time low after the FDA rejected use of its treatment for major depressive disorder.
( 18
min )
Viatris shares advanced after the drugmaker posted better-than-expected results, said it will announce one or more divestitures this quarter, and indicated the FDA agreed to consider approval of its new multiple sclerosis treatment produced with Israel’s Mapi Pharma.
( 17
min )
From economics to statistical analysis, certain bachelor's degrees make graduates more qualified for landing highly sought hedge fund jobs.
( 23
min )
Despite data pointing to an economy approaching a soft landing, inflation rates are still above the Federal Reserve's target of 2%.
( 18
min )
Personal loan rates fell sharply this week to 20.65%, dropping 21 basis points since last week when the average personal loan rate sat at 20.86%.
( 18
min )
Despite their technological sophistication, there are limitations to what robo-advisors can do.
( 22
min )
While many COVID relief measures have expired, some remain in place.
( 41
min )
Digital payments company PayPal (PYPL) just launched a U.S. dollar-pegged stablecoin called PayPal USD, becoming the latest firm to offer customers a stablecoin payment option.
( 18
min )
Following these five tips will help keep your resume out of the recycling bin when applying for a finance job out of college.
( 29
min )
The Stephen M. Ross School of Business is the business school at the University of Michigan, located in Ann Arbor, MI.
( 20
min )
U.S. equities were higher at midday on Monday, Aug. 7, 2023, after the latest earnings reports and ahead of key inflation data due later in the week.
( 17
min )
Before you make the leap into post-secondary, remember these important factors and handle them accordingly.
( 23
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If a stock's market value is well above its intrinsic value, it may be a red flag or it may not. Here's how to read into the numbers.
( 18
min )
The Chain Ladder Method (CLM) calculates the claims reserve requirement in an insurance company’s financial statement. This actuarial method is one of the most popular reserve methods.
( 18
min )
Membership in college or university honor societies is commonly offered through invitational only and provides various benefits to members.
( 20
min )
American Depositary Receipts of BioNTech sank as COVID-19 vaccine demand waned and sales of its vaccine plunged.
( 17
min )
If you receive student loan forgiveness, your debt history is not removed from your credit report.
( 24
min )
Shares of Tyson Foods tumbled as the giant meat provider posted worst-than-expected results and announced it was closing more production plants to cut costs as sales slipped.
( 17
min )
Current high school students are thinking more strategically about their college education than their predecessors, according to a survey from Fidelity Investments, but do they know enough to make the right decisions?
( 18
min )
Robo-advisor tax-loss harvesting is the automated selling of securities in a portfolio to deliberately incur losses to offset any capital gains or taxable income.
( 26
min )
Campbell Soup Company (CPB) has acquired Sovos Brands, Inc. (SOVO)—the parent company of brands such as Rao's pasta sauces, Noosa Yoghurt and Italian frozen food Michael Angelo's—for $2.7 billion
( 17
min )
With $1.3 billion in debt and facing a standoff against labour union Teamsters, trucking company Yellow filed for bankruptcy.
( 17
min )
As if figuring out what to take in school isn't hard enough, you also have to find a way to pay for it.
( 22
min )
Members of the LGBTQ+ community have had a harder time getting home mortgages, although that may be starting to change.
( 26
min )
LGBTQ+ students may face unique challenges when paying for college, and many end up with excessive student loan debt after graduation.
( 26
min )
Lindsey Bell, Chief Strategist at 248 Ventures, climbs back aboard The Express to take investors' temperatures following the Fitch credit rating downgrade. What's the message behind the drop from AAA to AA+, and why a potential government shutdown may make matters worse.
( 19
min )
STEM degrees represent a lot of the top-paying programs, but even a liberal arts education can be a valuable stepping-stone to lucrative careers.
( 26
min )
Surging U.S. corporate bankruptcies surpass the total for all of 2022 as filings reach pace on par with pandemic, global financial crisis years.
( 18
min )
Default risk is the risk lenders take that companies or individuals will be unable to make the required payments on their debt obligations. Learn how its measured.
( 23
min )
A sovereign bond is a debt security issued by a national government to borrow funds.
( 21
min )
A credit default swap (CDS) is a particular type of swap designed to transfer the credit exposure of fixed income products to another party.
( 25
min )
A bond rating is a grade given to bonds that indicates their credit quality. Learn how credit rating agencies assign bond ratings.
( 23
min )
Loss cost is the amount of money an insurer must pay to cover claims and the costs to administer and investigate such claims.
( 18
min )
Typically comprised of liquid assets, loss reserves are an asset that allows an insurer to cover claims made against policies it underwrites.
( 19
min )
Consumer advocate and insurance expert Doug Heller shares the ins and outs of auto insurance to help consumers make informed choices and protect themselves.
( 29
min )
International bonds are usually securities issued in one country but bought by an investor residing in another country and using its local currency.
( 20
min )
Net amount at risk is the monetary difference between the death benefit paid by a permanent life insurance policy and the accrued cash value.
( 19
min )
A policyholder’s personal liability insurance pays for covered losses and damages sustained by third parties, along with related legal costs. Learn how it works.
( 21
min )
Er drijft minder 'plasticsoep' in de oceanen dan gedacht. Lang geen 50 tot 300 miljoen ton, maar toch nog 3,2 miljoen ton. Een NU.nl-lezer vroeg zich af: heeft dat plastic invloed op de steeds warmer wordende oceaan? Dit zegt onze klimaatverslaggever Rolf Schuttenhelm.
( 3
min )
Buurtwinkels worden in hun voortbestaan bedreigd, meldde NU.nl zondag. Veel NUjij'ers hopen dat ze blijven bestaan, maar gaan zelf meestal naar een grote supermarktketen. Waarom willen ze het één, maar doen ze het ander? Een greep uit de reacties.
( 5
min )
De websites van Maastricht Aachen Airport en de vereniging van openbaarvervoerbedrijven zijn maandag moeilijk bereikbaar door een cyberaanval. Een Russische hackersgroep zegt verantwoordelijk te zijn voor de aanval.
( 3
min )
Buurtwinkels worden in hun voortbestaan bedreigd, meldde NU.nl zondag. Veel NUjij'ers hopen dat ze blijven bestaan, maar gaan zelf meestal naar een grote supermarktketen. Waarom willen ze het één, maar doen ze het ander? Een greep uit de reacties.
( 5
min )
Buurtwinkels worden in hun voortbestaan bedreigd, meldde NU.nl zondag. Veel NUjij'ers hopen dat ze blijven bestaan, maar gaan zelf meestal naar een grote supermarktketen. Waarom willen ze het één, maar doen ze het ander? Een greep uit de reacties.
( 5
min )
Het Saoedische staatsolieconcern Saudi Aramco heeft in het tweede kwartaal fors minder winst geboekt vanwege de lagere olieprijzen. Het bedrijf heeft verder te maken met een lagere productie.
( 3
min )
Het Afvalfonds Verpakkingen is 'niet echt tevreden' over het inleveren van plastic flessen met statiegeld. De organisatie pleit in zijn jaarverslag over 2022 voor meer innamepunten.
( 4
min )
Nationale-Nederlanden heeft tienduizenden klanten verkeerd en te laat geïnformeerd over hun pensioen. Daarom heeft toezichthouder AFM de verzekeringsmaatschappij een boete opgelegd van 425.000 euro.
( 3
min )
PostNL heeft de afgelopen maanden meer pakketten verwerkt dan verwacht. Daarom is het postbedrijf positiever over de winst voor dit jaar.
( 3
min )
Nederland heeft dit jaar tot dusver ruim vijfduizend toeristenvisa toegekend aan reizigers uit China. Nu ook daar de coronalockdowns eindelijk voorbij zijn, gaan Chinese toeristen mondjesmaat weer naar Europa op vakantie.
( 4
min )
Adjusted earnings provide a measurement of how current performance compares with performance in previous years.
( 20
min )
Most all-perils homeowners insurance policies cover roof replacement if the damage is the result of an act of nature, but not if it's from wear and tear. Learn more.
( 25
min )
Your company will benefit directly from the new skills and knowledge you acquire. Here's how to make your case for tuition reimbursement.
( 25
min )
Magna cum laude is an honorific for a degree earned with great distinction. It means “with great praise” in Latin, and there’s no set grade point average (GPA) to get it.
( 25
min )
Detailed description of how much an individual should consider paying for a car.
( 21
min )
Investment banking focuses on raising capital while corporate finance deals with day-to-day financial operations.
( 23
min )
An occurrence policy covers claims made for injuries sustained during the life of an insurance policy, even if they're filed after the policy is canceled.
( 19
min )
A civil authority clause is an insurance provision that outlines whether or not lost income will be reimbursed when a government entity denies access to covered property.
( 19
min )
Reinsurance sidecars are financial entities that solicit private investment to underwrite a limited book of insurance policies for a limited period.
( 19
min )
Here is how much each U.S. president contributed to the U.S. national debt, both by percentage and in dollar amounts.
( 27
min )
Investors shouldn't try to 'time the market,' as poorly scheduled purchases and sales cost investors a fifth of their potential fund returns in the past decade.
( 18
min )
"Barbie" isn't just one of 2023's biggest box office hits, it could also have a lasting financial impact on companies spanning fashion, entertainment, and home decor.
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Learn more about the Kellogg School of Management, the business school at Northwestern University.
( 21
min )
The Federal Direct Loan Program is a government program that provides low-interest loans with fixed interest rates to students. Learn how these loans work.
( 25
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Health insurance is a type of contract in which a company agrees to pay some of a consumer's medical expenses in return for payment of a monthly premium.
( 27
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Whether dealing with COVID-19 or trying to grow your business, a Small Business Administration loan can help. Learn the details and how to apply here.
( 36
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Often buyers choose to trade-in their vehicle rather than selling it privately and separately. Find out why you should always put a down-payment and never trade-in for convenience.
( 20
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Discover why shareholder rights plans are known as poison pills, and understand their benefits and drawbacks.
( 19
min )
The key economic, investing, and business terms that dominated the 2020 presidential election.
( 32
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Copays and coinsurance are two types of out-of-pocket costs, but they vary depending on the health insurance plan you choose.
( 25
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Cecilia Rouse is the chairperson of the Council of Economic Advisers.
( 24
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An assignor is a person or entity who transfers rights or benefits to another party, the assignee. Read about the rights of the assignor vs assignee.
( 23
min )
Firms will need to build more revenue, demonstrate profitability, and outgrow the value that venture capital is already bringing, experts say.
( 20
min )
A sandwich lease occurs when a lessee on a property leases to a third party, often as an investment strategy.
( 21
min )
Unemployment insurance is a benefit for workers who have lost their jobs and meet certain eligibility requirements.
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A homeowners insurance declaration page is a summary of the key facts about your policy. Here’s how to read yours and what it means.
( 22
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Rent expense is the cost incurred by a business to utilize a property as an office, factory, storage, retail space, or general use space.
( 23
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China's promised "basket of measures" to defuse local government debt risks is likely to include special bond issuance, debt swaps, loan rollovers, and something Beijing really loathes: dipping into the central budget. Local governments are fundamental to China's economy, with Beijing tasking provincial and city officials with meeting ambitious growth targets. Chinese leaders last month pledged, without detailing, to help ease their debts, signalling worries over a potential chain of municipal debt defaults destabilising the financial sector.
( 32
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This year started with a red-hot stock market, there is no question of that. Since the start of 2023, even accounting for losses last week, the S&P 500 shows a year-to-date gain of 17%, and the NASDAQ is up 33%. Currently, the gains are narrow, mainly relying on a handful of deep-pocketed, big-name tech firms, but there’s a likelihood that investor money will start spreading more widely. If the bull market does widen out, it will raise the question of which stocks to buy. This is where Goldman S
( 34
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Authentic Restaurant Brands is expected to buy Fiesta Restaurant Group for $225 million.
( 25
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Falling inventories and tighter supply have lifted oil prices in recent days, but how long will the rally last?
( 32
min )
Strategists have been rushing to catch up with the market, but stocks had other things in mind.
( 26
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Berkshire's growing hoard of cash, nearing a record level, is an ongoing “problem” for Buffett—albeit a nice one to have.
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Investors shouldn't try to 'time the market,' as poorly scheduled purchases and sales cost investors a fifth of their potential fund returns in the past decade.
( 19
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Earnings season rolls along this week, with reports also due from Paramount, Eli Lilly, Wynn Resorts, and many more. And look out for crucial inflation indicators in economic data to be released at week's end.
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FRANKFURT (Reuters) -Daimler Truck's Chief Financial Officer Jochen Goetz has died in a "tragic accident," the company said on Sunday. Goetz, 52, died on Saturday, a statement said, without giving details of the accident. Goetz spent his entire professional career, spanning more than 36 years, in the Daimler Group, and was largely responsible for the successful spin-off of Daimler Truck Holding from what is now the Mercedes-Benz Group in December 2021.
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(Bloomberg) -- Saudi Arabia’s sovereign wealth fund reported a $15.6 billion comprehensive loss for 2022 after the value of its investments in SoftBank Vision Fund plunged and other tech ventures were hit by a market downturn.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatNetanyahu Seeks to Change How Judges Are Named, Then Stop RevampDeSantis Camp Hit by Gloom as Aides Worry Race Is Slipping AwayDan Loeb Surrendered but Meme Army Still Hits Bears for Million
( 32
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Two key reports on inflation, the CPI and PPI, are due this week as are a host of quarterly earnings, including Disney, Tyson Foods, Beyond Meat, Rivian and UPS.
( 32
min )
The design of 401(k)s and other retirement savings plans too often lead employees to make financially harmful mistakes. It doesn’t have to be that way.
( 26
min )
People are pouring money into assets that they see as a safer bet than the Turkish lira, which has declined by more than 80% in the past five years.
( 23
min )
(Bloomberg) -- Poland has stopped shipping oil through part of the western section of the Druzhba pipeline that sends crude to Germany after a leak was detected late Saturday, according to Polish pipeline operator PERN.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamMallorca’s Prime Housing Market Gets Boost From American BuyersNetany
( 30
min )
(Bloomberg) -- Dan Loeb is hardly the first Wall Street titan to lament how meme stock traders have made short selling a perilous endeavor. But that Loeb, who runs the hedge fund Third Point LLC, did so now is what’s interesting.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamMallorca’s Prime Housing Market Gets Boost From American Bu
( 33
min )
Yellow's apparently impending bankruptcy filing could further disrupt two #OverlandPark office properties — where the trucker leases more than 400,000 square feet — already under scrutiny from loan servicers.
( 13
min )
Energy companies scramble to attract engineers as young workers fret over climate and job security.
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The JPMorgan Equity Premium Income ETF’s (NYSEARCA:JEPI) combination of high yield and monthly payments has quickly made it one of the market’s most popular ETFs. Investors who like JEPI’s style now have another high-yield competitor to consider — the NEOS S&P 500 High Income ETF (BATS:SPYI), which also pays on a monthly basis and yields 10.7%. Let’s take a closer look at this intriguing new option for high-yield investors. What is SPYI ETF’s Strategy? Launched in August of 2022, SPYI is still a
( 34
min )
AustralianSuper, one of the world’s largest pensions, halved its Apple stock investment and sold Microsoft stock, while buying shares of Tesla and Nvidia.
( 26
min )
As a pandemic-inspired boom ends, entrepreneurs and giant corporations alike are counting on customers to keep accumulating more stuff than they can squeeze into their homes.
( 23
min )
During its second quarter earnings call, Main Street Capital Corp. announced it has made substantial progress on closing its second private loan investment fund.
( 10
min )
A look at how companies and sectors performed in the second quarter of 2023.
( 21
min )
Inflation and resentment are stoking heightened labor activism, with FedEx pilots rejecting a union-brokered deal.
( 26
min )
‘Bear steepening’ trade drives 10-year Treasury yield close to a decade-plus high.
( 26
min )
The presenters of Top Gear pulled no punches as they ridiculed Chinese cars on a visit to the country just over a decade ago.
( 40
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"If you were unfairly treated by your employer due to posting or liking something on this platform, we will fund your legal bill," Musk said in a post on X late on Saturday, adding that there will be no limits to funding the bills. "And we won't just sue, it will be extremely loud and we will go after the boards of directors of the companies too," Musk said later in response to a post about nothing changing behavior in the U.S. faster than a threat of legal action. Late last month, Musk said that monthly users of X reached a "new high" and shared a graph that showed the latest count as over 540 million.
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min )
The AI hype is real, and based on their latest earnings reports, all of the multibillion-dollar behemoths of tech sector are going all in.
( 32
min )
(Bloomberg) -- Japan is leaving China behind as Asia’s two largest stock markets compete for investor capital, with the latter’s prospects clouded by long-running concerns about economic growth and geopolitical tensions with the West.Most Read from BloombergChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveBerkshire Operating Earnings Jump on Insurance StrengthProsecutors Alert Judge to Trump’s ‘Coming After You!’ PostThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal Team
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min )
Elon Musk is bezig het merk Twitter uit te wissen. Hij vervangt het beetje bij beetje in X, een app waarmee alles kan: van berichten sturen tot geld overmaken. Dat doet denken aan het Chinese WeChat. Wat kunnen we verwachten?
( 5
min )
Duitsland moet het aantal openbare oplaadpunten voor elektrische auto's drastisch verhogen om de verkoop van stekkerwagens bij te benen. Die oproep deed de Duitse vereniging voor de auto-industrie dit weekend.
( 4
min )
Buurtwinkels in ons land staan zwaar onder druk en verdwijnen steeds vaker uit het straatbeeld. Vooral kleine ondernemers in dorpen en kleine gemeenten moeten noodgedwongen hun deuren sluiten. In de afgelopen vier jaar ging het om honderden winkels.
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min )
Reizen met de trein wordt steeds populairder, vooral onder mensen die klimaatvriendelijk op vakantie willen. Waar moet je op letten als je zo'n treinreis gaat boeken?
( 4
min )
Buurtwinkels in ons land staan zwaar onder druk en verdwijnen steeds vaker uit het straatbeeld. Vooral kleine ondernemers in dorpen en kleine gemeenten moeten noodgedwongen hun deuren sluiten. In de afgelopen vier jaar ging het om honderden winkels.
( 5
min )
The College Level Examination Program enables students to earn college credit for introductory-level courses through self-study and proctored or remote testing.
( 20
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Income-based repayment plans and forgiveness for public service employees can help you erase student debt.
( 36
min )
In the business and finance industries, “B-School” is an abbreviated term for programs at colleges and universities specializing in business subjects.
( 21
min )
Vandalism and malicious mischief insurance is a type of insurance coverage that protects against losses sustained as a result of vandals.
( 21
min )
Is work experience or education more important for getting a good job? It depends on the field, but more education generally means more income.
( 25
min )
CD beneficiaries inherit account balances when the account owner passes away. Learn what rules apply to CD beneficiaries.
( 23
min )
Return on equity (ROE) vs. return on capital (ROC) are two distinctly different formulas, as one includes only combined profit while the other considers debt.
( 20
min )
Casualty insurance is a broad category of coverage against loss of property, damage or other liabilities. This includes workers' compensation.
( 22
min )
Investing according to the rule of 72 is a good starting point for achieving your saving goals.
( 19
min )
The graduate management admission test is an examination many business schools use to assess an applicant's aptitude in business reasoning and decision-making.
( 22
min )
Find out which stocks are the largest positions in Warren Buffett's portfolio.
( 25
min )
If you rent, you still need insurance for personal property and if anyone is injured at your place. It even covers losses when you travel.
( 21
min )
Warren Buffett's Berkshire Hathaway reported net income of $35.91 billion for the second quarter, boosted by stock holdings such as Apple.
( 17
min )
Discover what Warren Buffett's investment stance is toward gold and silver, why he likes one of them a lot and the other one not at all.
( 18
min )
Defaults on student loans happen all the time and they can have substantial consequences on a borrower's financial future, but legislation pends to help out.
( 23
min )
Parents want their kids to get a good education, but whether a private school is worth it depends on its cost, your child's aptitudes, and many other factors.
( 22
min )
Some countries in Europe, such as Norway, Finland, and Germany, provide free or low-cost university education for all students.
( 24
min )
Reality star Kylie Jenner just launched her own line of Bratz dolls. Jenner has a net worth of $680 million as of August 2023, thanks to her successful makeup brand, Kylie Cosmetics.
( 19
min )
Would you rather lend money to the United States, or New Zealand? Going by credit rating alone, that could be a tossup, after Fitch Ratings downgraded its assessment of the U.S. on Tuesday.
( 19
min )
Learn the basic lingo of bonds to unveil familiar market dynamics and open to the door to becoming a competent bond investor.
( 28
min )
In a first-loss policy, the insured agrees to take less than full value for damaged property in return for not being penalized for under-insuring the property.
( 22
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Best's Capital Adequacy Relativity (BCAR) is a rating of an insurance company’s balance sheet strength. It examines an insurer’s leverage, underwriting activities, and financial performance.
( 19
min )
Additional living expense insurance covers additional costs of living incurred by a policyholder who is temporarily displaced from their place of residence.
( 23
min )
Though paid family and medical leave policies can provide needed financial support, each state determines how they work and what they actually entail.
( 34
min )
The Iraqi dinar is a hot investment—but is it a wise one?
( 23
min )
Avoid these common pitfalls if you're considering investing in rental property.
( 23
min )
The chief operating officer (COO) is a senior executive tasked with overseeing the day-to-day administrative and operational functions of a business.
( 28
min )
Renters insurance is property insurance that covers a policyholder’s belongings, liability, and possibly living expenses in case of a loss event.
( 22
min )
Buffett's company sold a net $8 billion of stocks and only spent $1.4 billion on buybacks last quarter, meaning its cash pile swelled to $147 billion.
( 31
min )
(Bloomberg) -- Bond traders who just navigated their rockiest stretch in months will get little respite in the days ahead, which bring the biggest Treasury refunding slate since last year and a pivotal inflation reading.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamBerkshire Operating Earnings Jump on Insurance StrengthMallorca’s Pr
( 32
min )
(Bloomberg) -- During periods of turmoil, gold tends to make headlines as fans of the precious metal argue it can act as a safe haven. But is it also an inflation hedge? Is it considered a risk asset? Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamMallorca’s Prime Housing Market Gets Boost From American BuyersBerkshire Operating Earn
( 34
min )
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Find out which stocks are the largest positions in Warren Buffett's portfolio.
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Warren Buffett's Berkshire Hathaway reported net income of $35.91 billion for the second quarter, boosted by stock holdings such as Apple.
( 18
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Bowman said she supported the Fed's quarter-point increase in interest rates last month, given still-high inflation, strong consumer spending, a rebound in the housing market and a labor market that is helping to feed higher prices. "I also expect that additional rate increases will likely be needed to get inflation on a path down to the FOMC’s 2 percent target," she said in remarks prepared for delivery to the Kansas Bankers Association, referring to the Fed's rate-setting panel, the Federal Open Market Committee.
( 30
min )
(Bloomberg) -- Saudi Arabia raised nearly all oil prices for September to Asia and Europe as supply restrictions and rising demand tightens the crude market.Most Read from BloombergTexas Power Prices to Surge 800% on Sunday Amid Searing HeatChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveThe Most Dangerous Job for Lawyers Is Being on Trump’s Legal TeamBerkshire Operating Earnings Jump on Insurance StrengthMallorca’s Prime Housing Market Gets Boost From American BuyersState-owned S
( 31
min )
Many other public companies release their earnings results during the trading week.
( 26
min )
Wall Street seems to be recognizing that Apple, America's most valuable enterprise, is dangerously overpriced.
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For many students, managing finances is new, and they’re prone to make all sorts of mistakes.
( 26
min )
Canada plans to impose a digital-services tax at the start of 2024, even as other countries agree to delay global tech tax accord until 2025.
( 26
min )
Newer industry players are cutting jobs, trimming spending and reining in plans.
( 26
min )
Berkshire Hathaway on Saturday posted its highest-ever quarterly operating profit, bolstered by improved results in its insurance businesses, while gains from stock holdings helped the conglomerate led by billionaire Warren Buffett swing to a nearly $36 billion overall profit. Operating profit rose 7% to $10.04 billion, or about $6,938 per Class A share, from $9.42 billion a year earlier. Net income totaled $35.91 billion, or $24,775 per Class A share, compared with a year-earlier $43.62 billion loss.
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Fitch Ratings’ decision to strip the U.S. of its AAA credit rating was triggered by outsize U.S. borrowing. A dose of “financial repression” might be the cure.
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Quarterly earnings rose for Warren Buffett’s holding company and most of its underlying businesses.
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Toyota, the world's top-selling automaker, nearly doubled its operating profit from a year earlier as better pricing, productivity gains, and supply-chain improvements boosted sales.
( 19
min )
Investors are pushing Tupperware, Yellow and Rite Aid higher
( 27
min )
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Would you rather lend money to the United States, or New Zealand? Going by credit rating alone, that could be a tossup, after Fitch Ratings downgraded its assessment of the U.S. on Tuesday.
( 19
min )
India said on Friday it would defer the imposition of a licensing requirement for imports of laptops, tablets and personal computers by three months - partially reversing the surprise decision it announced a day earlier. While India has not said the new requirement is aimed at China, more than half of its roughly $10 billion in annual imports of personal computers and tablets are Chinese-made. Several Indian government officials, who asked not to be named, said the licensing measure aimed to address a trade imbalance with China.
( 31
min )
Mark Spitznagel and Nassim Taleb have been watching for black swans for decades. "We’ve never seen anything like this level of total debt and leverage in the system," he tells Fortune. "It's an experiment."
( 39
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Bonds of Country Garden, China’s largest developer by contracted sales, have been in free fall.
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min )
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The Iraqi dinar is a hot investment—but is it a wise one?
( 23
min )
De bekende Amerikaanse belegger Warren Buffett heeft in het tweede kwartaal een forse winst in de boeken kunnen zetten bij zijn investeringsvehikel Berkshire Hathaway. Onder de streep hield het bedrijf zo'n 36 miljard dollar over.
( 4
min )
Elon Musk is bezig het merk Twitter uit te wissen. Hij vervangt het beetje bij beetje in X, een app waarmee alles kan: van berichten sturen tot geld overmaken. Dat doet denken aan het Chinese WeChat. Wat kunnen we verwachten?
( 5
min )
De klokkenluider die de Panama Papers in 2016 lekte aan de Süddeutsche Zeitung eist 14,5 miljoen euro van de Duitse politie. De Duitse politie zou namelijk een beloning van miljoenen euro's hebben bemiddeld voor de klokkenluider.
( 3
min )
iPhone-producent Foxconn, een van 's werelds grootste elektronicafabrikanten, voorspelt dat de verkopen in de komende maanden zullen aantrekken na de dip in de eerste helft van dit jaar. Dat lijkt een gunstig teken voor Apple, waarvoor Foxconn veel apparatuur maakt.
( 3
min )
Griekse staatsobligaties zijn weer interessant om in te investeren. Tot die slotsom is de Europese kredietbeoordelaar Scope Ratings gekomen. Het gaat om een teken dat Griekenland zijn overheidsfinanciën jaren na de eurocrisis eindelijk weer op orde lijkt te hebben.
( 4
min )
NASA heeft weer contact gekregen met de Voyager 2, de ruimtesonde die zich op 19,9 miljard kilometer van de aarde bevindt. Het contact met de in 1977 gelanceerde Voyager 2 was even verdwenen door een foutje van de vluchtleiding.
( 4
min )
Een grote Amerikaanse mededingingsrechtszaak tegen Google wordt dunner dan aanklagers voor ogen hadden. Een rechter heeft verschillende beschuldigingen geschrapt, omdat niet voldoende aangetoond is dat de zoekresultaten van Google schade toebrengen aan rivalen.
( 4
min )
Wie de komende weken nog op vakantie wil moet niet kieskeurig zijn. Lastminutebestemmingen zijn door het slechte Nederlandse weer zo in trek, dat veel vluchten naar populaire bestemmingen en hotels vol zitten.
( 4
min )
In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, voedsel en bouw geven. Deze week: het grote laadplein dat een uitstootvrije bouwplaats mogelijk maakt, zonder files op het stroomnet te creëren.
( 4
min )
In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, voedsel en bouw geven. Deze week: het grote laadplein dat een uitstootvrije bouwplaats mogelijk maakt, zonder files op het stroomnet te creëren.
( 4
min )
Wie deze zomer met de auto op vakantie gaat, doet er goed aan om in het buitenland te tanken. Maar in welk land ben je het goedkoopst uit?
( 4
min )
Perform a thorough checkup to uncover a medical stock with a clean bill of health.
( 24
min )
Today's top three nationwide CD rates are 5.75% APY from Andrews Federal Credit Union, 5.60% APY from Northern Bank Direct, and 5.55% APY from Sallie Mae Bank.
( 18
min )
An automatic premium loan is an insurance policy provision that lets an insurer deduct an outstanding premium from the cash value of a policy.
( 20
min )
The S&P 500 fell 0.5% on Friday, Aug. 4, 2023, after the Labor Department's latest jobs report showed the pace of hiring slowed.
( 17
min )
Sovereign bond yield is the interest rate paid to the buyer of the bond by the government, or sovereign entity, issuing that debt instrument.
( 21
min )
Education and training benefit not only the worker but also the employer and the country as a whole.
( 31
min )
Which type of brokerage you choose depends on your needs and preferences. Find out the benefits of human, self-directed, and robo-advisors.
( 29
min )
Find out which four degrees oil companies want to see on the resumes of new hires, and find out why the industry still pursues these graduates.
( 20
min )
Regardless of whether a shareholder loses their stock certificate, that person still owns the shares.
( 19
min )
The student loan forgiveness program is dead, given the Supreme Court ruling against it. You may have other options for relief, including some brand-new ones.
( 26
min )
Shares of Icahn Enterprises tumbled after the investment firm cut its dividend in half in the wake of criticism from Hindenburg Research.
( 18
min )
Only the biggest foreign investors may buy Saudi stocks directly. Non-billionaires can find exchange-traded funds that focus on Mideast investments.
( 19
min )
U.S. equities were higher at midday on Friday, Aug. 4, 2023 on the back of strong earnings reports, while a cooler-than-expected July jobs report raised optimism the Fed could ease back on its campaign of rate hikes to cool inflation.
( 16
min )
The Kelley Blue Book is the most popular used-car buying guide. Here’s a look at just how trustworthy it is – plus a comparison with the competition.
( 22
min )
Despite their name, junk bonds can be profitable for informed investors, but their higher returns come with higher risks.
( 24
min )
The Energy Department recently canceled a planned purchase of 6 million barrels of crude oil for the nation's Strategic Petroleum Reserve (SPR) amid high oil prices.
( 18
min )
Socially responsible and ESG investing are gaining traction, especially with younger investors who also may be attracted to the technologically-focused investment platforms that robo-advisors provide.
( 25
min )
Mortgage rates jumped higher, with the 30-year average rising for a third day and 15-year rates reaching a four-week high. Meanwhile, the 30-year refi average dipped.
( 20
min )
Find out why this type of funding is so controversial and where it has gone wrong in the past.
( 23
min )
Toyota, GAC-Toyota, and Pony.ai will invest $140 million to manufacture a fleet of driverless taxis in China.
( 16
min )
Understanding the factors behind Treasury yields and interest rates is crucial for an investor.
( 27
min )
Halfway through a economically confusing and, at times, turbulent 2023, many investors are questioning how they should proceed with their investment strategy
( 17
min )
The uninsured rate fell to 7.7% in the first quarter of 2023, down from 8.3% in the last quarter of 2022. However, a pandemic-era rule expiration means that 3.9 people may have lost Medicaid coverage since April, possibly driving the uninsured rate back up.
( 18
min )
Amazon shares jumped after the company reported stronger than expected earnings, with robust ad revenue helping to offset slower growth in cloud.
( 17
min )
Apple reported better-than-expected services revenue in Q3 2023, helping boost net income even as falling iPhone sales led to a third straight quarter of net product revenue declines.
( 19
min )
What you need to know to keep those baubles, bangles, and beads safe.
( 20
min )
Competitive advantage refers to factors that allow a company to produce goods or services better or more cheaply than its rivals. Learn how it works.
( 25
min )
Learn about the process, laws, and guidelines of real estate agents paying other agents for referrals, and how brokers and licenses are involved.
( 21
min )
A book runner is the main underwriter or lead manager when an investment bank issues new equity, debt, or securities instruments. Learn what the role entails.
( 21
min )
Private mortgage insurance (PMI) can be avoided by with a down payment of 20% or more or ended early by building up a 20% equity stake in a home.
( 24
min )
Don’t look for lower inflation or interest-rate cuts anytime soon. Instead, higher bond yields probably are in the offing.
( 26
min )
Strategists have been rushing to catch up with the market, but stocks had other things in mind.
( 26
min )
A warning about slowing sales sent Fortinet's stock spiraling lower Friday.
( 11
min )
Today's top three nationwide CD rates are 5.75% APY from Andrews Federal Credit Union, 5.60% APY from Northern Bank Direct, and 5.55% APY from Sallie Mae Bank.
( 20
min )
(Bloomberg) -- The biggest US lenders expect to pay almost $8.9 billion to help replenish the US government’s bedrock Deposit Insurance Fund after it was tapped to backstop uninsured depositors at Silicon Valley Bank and Signature Bank. Most Read from BloombergChina Embassy Rips ‘Brutal’ Russia Border Incident in Rare MoveS&P 500 Wipes Out Almost 1% Gain; Bond Yields Drop: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenSouth Africa Spurns US Pressure to Stop Using Chi
( 32
min )
California has America's most expensive gas at around $5.00 a gallon. The cheapest is in Mississippi at $3.32 a gallon.
( 31
min )
Analysts at Evercore downgraded the stock to the equivalent of Hold because of Intensifying competition and declines in operating margins.
( 26
min )
A U.S. judge has rejected former Allianz fund manager Gregoire Tournant's bid to dismiss a criminal fraud case over his role in causing more than $7 billion of investor losses. In an order made public on Friday, U.S. District Judge Laura Taylor Swain in Manhattan federal court denied Tournant's motion to dismiss the five-count indictment, which also includes an obstruction charge. Tournant has pleaded not guilty.
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min )
Newer investors sometimes struggle to understand the difference between earnings per share (EPS), funds from operations (FFO) and revenue in the context of real estate investment trusts (REITs). Revenue represents the total amount of money that a company generates from sales, rents or other sources. Earnings per share refers to the company's profitability after deducting all expenses from its revenue. Higher revenue does not guarantee significant profitability if expenses are also high. Converse
( 32
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The company's assets have attracted the interest of a potential financial bidder, the report said adding that the bankruptcy filing could turn into a liquidation. Yellow did not immediately respond to a Reuters request for comment. The cash-strapped U.S. trucking company had ceased operations and was planning to file for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said on Sunday.
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Shares of Icahn Enterprises tumbled after the investment firm cut its dividend in half in the wake of criticism from Hindenburg Research.
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For the first time in 72 years, Oregon motorists can grab a fuel nozzle and pump gas into their cars on their own, since a decades-old ban on self-serve gas stations has been revoked. Gov. Tina Kotek signed a bill on Friday allowing people across the state to choose between having an attendant pump gas or doing it themselves. “I’ve spent a lot of time in California,” Cooper said.
( 35
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Fortinet isn't having a good day. And the information-technology giant is pulling other stocks down alongside its own.
Shares in the cybersecurity company plunged some 25%, making it easily the worst-performing stock in the S&P 500, according to Dow Jones Market Data. The decline wiped out much of
( 23
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Dubbed the Oracle of Omaha, Warren Buffett is renowned for his simple and frugal lifestyle. Despite being the sixth richest person globally, with a net worth estimated at $117.9 billion, Buffett continues to live in the same modest home in Omaha that he purchased in 1958 for just $31,500. Adjusted for inflation, that amount today would be approximately $328,990.80, a mere 0.000279% of his total net worth. Buffett has consistently ranked the purchase of his home as the third-best investment he ha
( 31
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It’s clear now that we saw the market bottom out last October. The S&P 500 is up about 1,000 points, or ~27%, from that trough. The question for investors now is, what happens next? Mike Wilson, the well-known strategist from Morgan Stanley, has a reputation as an uber-bear, but he’s pulling back from that in a recent note. “The data we have today suggests to us that we are in a policy-driven, late-cycle rally,” Wilson says. He goes on to note several supportive factors, including a reduced rate
( 35
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Apple achieved a major milestone, with 1 billion subscribers to its services business. But instead of taking a victory lap, Apple is watching its stock get pummeled.
( 32
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Months into the fallout from a damning short-selling report, shares for corporate raider and activist investor Carl Icahn's conglomerate Icahn Enterprises plunged Friday after the firm halved its quarterly dividend. In sharing second-quarter financial results on Friday, Icahn Enterprises declared a distribution of $1 per depositary unit, representing a 12% annualized yield. Following the announcement, IEP stock fell about 30% Friday morning.
( 31
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Shares of Tupperware surged on Friday after the company announced a debt restructuring agreement.
The stock was recently up about 40%. The jump accented a wild week of trading in shares of the distressed com
( 22
min )
(Bloomberg) -- Carl Icahn’s fortune fell $2.7 billion Friday after the activist investor made corporate changes in tacit response to a short seller’s scathing report published three months ago.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Faces Longest Sales Drop in Decades as iPhone SlumpsQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapStocks Rise, Bond Yields Fall After Mixed Jobs: Mark
( 31
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A multi-billion dollar company is closing its manufacturing facility in Durham and shifting operations to Georgia.
( 9
min )
Tesla hasn't had a very good week. Investors could be looking at a bounce if a couple of things go right.
( 27
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The Energy Department recently canceled a planned purchase of 6 million barrels of crude oil for the nation's Strategic Petroleum Reserve (SPR) amid high oil prices.
( 19
min )
There's "obviously a mismatch" between Anheuser-Busch's market value and their employee numbers, Anson Frericks says while predicting more layoffs are coming.
( 32
min )
Despite its strong start to the year, the drugmaker’s report on Tuesday should lift shares even further.
( 26
min )
The departure of Western brands from Russia following Vladimir Putin’s invasion of Ukraine was supposed to change daily life in Moscow. Instead, it has triggered a proliferation of doppelgangers.
( 34
min )
Apple downgraded, Amazon upgraded: Wall Street's top analyst calls
( 32
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The start-up named a new CEO, released earnings, and got investors to agree to a key shareholder proposal.
( 26
min )
Retiring at 50 is a lofty goal that gives you plenty of time to pursue all the projects you couldn't get to in your career and make memories with friends and family. However, leaving the workforce 12 years before you … Continue reading → The post Is $5 Million Enough to Retire on at 50? appeared first on SmartAsset Blog.
( 35
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Retirees face sizable out-of-pocket costs for premiums, copays and uncovered services. One way to gauge this burden is to look at how much these medical costs eat into their Social Security benefits and other income. Here's a look at how … Continue reading → The post How Much Retirement Income You'll Have After Paying Medical Expenses appeared first on SmartAsset Blog.
( 32
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Not many people would pass up the opportunity to retire early. In fact, there's an entire movement built around the idea of early retirement – Financial Independence, Retire Early (FIRE). Need help planning for retirement? Consider working with a fiduciary … Continue reading → The post Early Retirement Can Create a Financial Crisis appeared first on SmartAsset Blog.
( 32
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I'm afraid of the stock market. With my first investment, I lost 60% of my money. So I'm strictly into bonds. With interest rates low, what's your advice? Should I stay or try something else? -Jerold It's reasonable to be … Continue reading → The post Ask an Advisor: ‘I'm Strictly Into Bonds' and Afraid of the Stock Market. Is This a Strategy I Should Stick With? appeared first on SmartAsset Blog.
( 33
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The U.S. economy maintained a moderate pace of job growth in July, but solid wage gains and a decline in the unemployment rate pointed to continued tightness in labor market conditions. There are broad indicators that the labor market is cooling.
( 30
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The company posts a second-quarter loss of 72 cents a share, wider than the year-earlier loss of 41 cents.
( 26
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Icahn Enterprises on Friday said it would cut its dividend payout months after short seller Hindenburg Research accused the investment firm of operating a "Ponzi-like" structure to pay dividends. The investment firm, owned by Carl Icahn, said it would distribute $1 per depositary unit to its investors, lower than its usual quarterly dividend of $2 per unit. Shares of Icahn Enterprises fell 24% in premarket trading.
( 30
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(Bloomberg) -- Apple Inc., Samsung Electronics Co. and HP Inc. are among the biggest names freezing new imports of laptops and tablets to India after the South Asian country abruptly banned inbound shipments without a license.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Surprises in China, Sets India High During Sales SlumpChina Official’s
( 31
min )
After Apple's third consecutive quarter of declining revenue, some Wall Street analysts say its valuation is looking stretched.
( 26
min )
EV start-up Fisker reported second-quarter sales of less than $1 million. Wall Street was looking for close to $50 million.
( 26
min )
Chief Financial Officer Keith Jensen says an 'unusually large volume of deals' expected to close in June were pushed out to future quarters instead.
( 26
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Congress could soon change how spouses access their retirement accounts. A pair of Democratic bills recently introduced in the House and Senate would require spouses to consent before either one can make any withdrawals from their 401(k) accounts. The bills, sponsored by Rep. Lauren Underwood, D-Illinois, and Sen. Tammy Baldwin, D-Wisconsin, seek to amend the […] The post Spouses May Soon Need to Agree on 401(k) Withdrawals Under This Proposed Law appeared first on SmartReads by SmartAsset.
( 31
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Major property insurance companies are reducing coverage in a number of states or leaving them altogether as losses mount, and consumers are seeing their coverage yanked.
( 33
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Tupperware said on Thursday it had struck an agreement with its lenders which will help reduce or reallocate about $150 million of cash interest and fees, and would give it immediate access to a revolving borrowing capacity of about $21 million. Widely recognized for its bright-colored plastic airtight containers, the company had recently caught retail traders' attention, which has helped drive a more than 449% share surge over the past three weeks. Tupperware was the fourth most touted stock on investors-focused social media, stocktwits.com on Friday.
( 31
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(Bloomberg) -- Petroleo Brasileiro SA slashed politically contentious dividends after profits declined and the Brazilian oil major set a more conservative policy for shareholder payouts. Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Faces Longest Sales Drop in Decades as iPhone SlumpsApple Surprises in China, Sets India High During Sales Slu
( 31
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One of the most important decisions in retirement is choosing how much to withdraw from your savings. You need to take out enough to meet your spending needs, but not so much that you end up running out of money. While there's no real consensus on a safe withdrawal rate, a recent report from Edward […] The post How Much Should I Withdraw From My Retirement Account? Edward Jones Says Start With These Percentages appeared first on SmartReads by SmartAsset.
( 32
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Apple sales fall 1% in the fiscal third quarter and the iPhone giant says it expects a similar performance in the current period, Amazon beats earnings expectations and issues better-than-expected guidance, and Booking Holding sees a record summer travel season.
( 27
min )
Shares of the sports betting company surge after DraftKings posts second-quarter revenue that beat expectations.
( 26
min )
Under fire for downgrading U.S. federal debt, ratings analyst Richard Francis took to the airwaves on Wednesday to explain his reasoning and lobby for support.
( 32
min )
(Bloomberg) -- The Treasury yield curve has steepened this week, but the shift is unnerving investors as it comes through a painful selloff in longer bonds rather than the rally in shorter debt most expected.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Surprises in China, Sets India High During Sales SlumpChina Official’s Call to Save Xi’s
( 32
min )
(Bloomberg) -- Apple Inc. grew revenue in China a surprisingly strong 8% while setting a record for Indian iPhone sales, bright spots in an otherwise disappointing quarterly check-in from the world’s most valuable company.Most Read from BloombergQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenElon Musk Says Treasury Bills Are ‘No-Brainer’The Strange Story Behind ‘Baldur’s Gate 3,’ One of the Year’s Biggest ReleasesFit
( 32
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Will it happen or not? That is the question economy observers have been grappling with over the past year regarding the prospect of a looming recession. But while not long ago the consensus was that one was all but inevitable – and a full-blown recession at that – the tune has changed more recently. Factoring in the resilient economy and the hasty retreat of prior alarming inflation levels, many financial experts now think that if a recession does materialize, it will be of the mild variety. One
( 34
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The United Auto Workers union is pressing for the substantial wage increase for factory workers at GM, Ford and Stellantis.
( 27
min )
NASA heeft weer contact gekregen met de Voyager 2, de ruimtesonde die zich op 19,9 miljard kilometer van de aarde bevindt. Het contact met de in 1977 gelanceerde Voyager 2 was even verdwenen door een foutje van de vluchtleiding.
( 4
min )
Meerdere partijen hebben de afgelopen tijd interesse getoond in VanMoof. Dat melden de curatoren van het failliete fietsenmerk. Zij willen volgende week meer duidelijkheid geven over een eventuele doorstart.
( 4
min )
Veel kantoormedewerkers weten het gevoelsmatig misschien al: in de middag zijn zij vaak minder productief dan aan het begin van de dag. Helemaal op vrijdag. Onderzoekers vinden nu bewijs voor dit fenomeen in een Texaans kantoor.
( 5
min )
Nederland schort de "directe samenwerking" met Niger op. Steun aan ontwikkelings- en veiligheidsprojecten die via de landelijke overheid loopt, wordt stopgezet. In het Afrikaanse land werd vorige week een staatsgreep gepleegd.
( 4
min )
De voedselprijzen zijn wereldwijd voor het eerst in drie maanden gestegen. De prijzen zijn in juli met 1,3 procent opgelopen.
( 3
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De online verpakkingsvrije supermarkt Pieter Pot heeft in twee weken tijd 335.000 euro opgehaald bij haar klanten. Met het geld wil het bedrijf het vertrouwen van leveranciers terugwinnen en de schappen bijvullen.
( 4
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Consumenten moeten oppassen als ze willen shoppen bij webwinkel Femme-Boutique. Toezichthouder ACM, de politie en de Consumentenbond ontvingen al tientallen klachten over de webshop, meldt ACM.
( 3
min )
Fabrieken in Duitsland hebben in juni onverwacht veel meer bestellingen binnengekregen. Dat is een teken dat de grootste economie van Europa stabieler wordt.
( 3
min )
De Deense containerrederij en vrachtvervoerder A.P. Møller-Maersk verwacht dat het wereldwijde containervolume dit jaar sterker zal dalen dan eerder gedacht. Het bedrijf rekent op een krimp van wel 4 procent.
( 3
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De winst van Booking.com en Airbnb is in het tweede kwartaal harder gestegen dan het aantal geboekte nachten. Hogere prijzen op de reisplatforms zorgden voor meer geld in het laatje.
( 3
min )
Apple verkocht het afgelopen kwartaal minder iPhones, Macs en iPads. Daardoor daalde de totale omzet van het bedrijf voor het derde kwartaal op rij. Een lichtpuntje voor Apple was de verkoop van digitale producten, zoals abonnementen op Apple Music en iCloud.
( 4
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Het gemiddelde bedrag waarvoor mensen een hypotheek afsloten steeg in juli voor het eerst sinds ruim een jaar. Door de hogere lonen kunnen mensen meer geld lenen.
( 4
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197.000 Nederlanders hebben tussen 1 maart en 1 mei verzuimd aangifte inkomstenbelasting te doen. Dat zijn er twee keer zoveel als vorig jaar. De Belastingdienst probeert ze er via brieven, sms'jes en telefoontjes toch aan te herinneren, voordat een boete volgt.
( 6
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197.000 Nederlanders hebben tussen 1 maart en 1 mei verzuimd aangifte inkomstenbelasting te doen. Dat zijn er twee keer zoveel als vorig jaar. De Belastingdienst probeert ze er via brieven, sms'jes en telefoontjes toch aan te herinneren, voordat een boete volgt.
( 6
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Investors are constantly looking for ways to generate solid returns, after all, that is the whole point of investing. Achieving that goal is easier said than done, however. As with anything, if it were really simple, investors would only have success stories to tell. That said, there are ways to gain an edge in the market, and one common route is to keep track of insiders’ actions. Insiders are the high-level company officers, Board members, CFOs and COOs, up to CEOs, whose positions give them a
( 35
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(Bloomberg) -- Apple Inc. posted its third straight quarter of declining sales and predicted a similar performance in the current period, hurt by an industrywide slump that has sapped demand for phones, computers and tablets.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’China Official’s Call to Save Xi’s City Angers Flood VictimsThe Strange Story
( 34
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(Bloomberg) -- In 2022 it was “Schwinger,” or traditional Swiss wrestlers, that were the star attraction. This year it was youth groups. Every Aug. 1 since 1891, patriotic Swiss have gathered on an Alpine meadow overlooking Lake Lucerne to commemorate a rebellion in 1291 that was the foundation of “modern” Switzerland. This is a country that likes tradition. Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings:
( 38
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Electric truck maker Nikola Corp said on Thursday it had garnered enough support for a proposal to increase the number of shares it can issue, opening the doors to much-needed capital. The company had to adjourn its shareholder meeting twice because it lacked enough votes, even as it urged shareholders for months to vote in favor of so-called Proposal 2, saying its ability to continue as a going concern would be "out of reach" without the additional shares. "This positive outcome, particularly with respect to Proposal 2, was critical for continued growth and success as we move forward with our strategic priorities," CEO Michael Lohscheller said in a statement.
( 31
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The agreement will help the company to reduce or reallocate about $150 million of cash interest and fees, and would give it immediate access to a revolving borrowing capacity of about $21 million. Known for its plastic airtight storage containers and bowls, Tupperware has seen a sharp drop in demand recently as consumers limit discretionary purchases amid higher prices and fears of recession. The company had on April 7 raised doubt about its ability to continue as going concern after failing to improve its business for about three years.
( 31
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Electric truck maker Nikola Corp said on Thursday it had garnered enough support for a proposal to increase the number of shares it can issue, opening the doors to much-needed capital. The company had to adjourn its shareholder meeting twice because it lacked enough votes, even as it urged shareholders for months to vote in favor of so-called Proposal 2, saying its ability to continue as a going concern would be "out of reach" without the additional shares.
( 30
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Apple’s eked out a slightly higher profit last quarter even though sales dipped during the period, a time during which the iPhone maker became the first publicly held company in the U.S. to be valued at $3 trillion. The results released Thursday covered April through June, the third consecutive quarter that Apple has posted a year-over-year decline in revenue. Apple's stock declined by about 1% in extended trading after the numbers came out.
( 30
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For the past few quarters, the lifting of pandemic curbs has fueled domestic and international travel in a boost to hotel operators such as Marriott International and Hilton Worldwide Holdings. Room nights booked for the quarter ended June rose 9% from last year, Booking said. Gross travel bookings, which refers to the total dollar value of all the travel services booked by customers, jumped 15%.
( 31
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Apple’s fiscal third quarter results are out. The tech giant booked less revenue than a year ago from its signature products, while its services business did better.
Here is a roundup of how each major product segment fared:
iPhone revenue of $39.7 billion, down 2.4% from a year ago, and below a
( 22
min )
While second-quarter revenue met estimates, cloud firm Digital Ocean said customer spending continues to tighten. Meanwhile, it will restate first-quarter results for accounting errors.
( 26
min )
Sales of iPhones missed analyst estimates, but revenue in the company services unit reached a record high.
( 27
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Coinbase reported a sixth straight quarterly loss Thursday as regulatory risks and lower trading volumes continued to weigh on the company.
The loss wasn't as bad as analysts expected, and the company's stock rose in after-hours trading before giving up those gains.
The biggest U.S. cryptocurren
( 22
min )
Apple on Thursday reported sales and profit that beat Wall Street expectations despite a decline in iPhone sales, with its signature device's performance in China helping the company navigate a global decline in the smartphone market. Apple said sales for the fiscal third quarter ended July 1 fell 1.4% to $81.8 billion and earnings per share rose 5% to $1.26. IPhone sales slightly missed analyst estimates, but were made up for by strong sales in the services segment that contains Apple TV+ and by sales in China that grew 8% year over year.
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Today's best CD rate is 5.75% APY, offered by both Andrews Federal Credit Union and Citizens State Bank. We track CD rates every morning to bring you the top options.
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Today's CDs are paying record rates, offering their highest returns in at least 16 years. But will banks and credit unions push rates even higher in August?
( 19
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Over the next few years, the U.S. could see a surge in seniors living in poverty, one retirement expert predicts.
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Tesla's electric vehicle (EV) sales in China fell more than 30% last month compared with June, according to the China Passenger Car Association (CPCA). Domestic EV manufacturers in China like BYD, Nio (NIO), and Xpeng (XPEV) gained ground.
( 19
min )
PayPal is finding few friends in the market these days.
The payments giant topped consensus analyst forecasts in its second-quarter report on Wednesday on total payment volume, net revenue and net income, according to Visible Alpha. But the stock is sinking fast on Thursday, down by nearly 11%, era
( 24
min )
“Americans have always been waiting for the other shoe to drop.”
( 32
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MicroStrategy (MSTR) CEO Michael Saylor said his software company will continue to be the go-to company for investors to gain exposure to bitcoin (BTC) without directly buying it, even if a spot bitcoin exchange-traded fund (ETF) is rolled out.
( 31
min )
It was all ... Yellow.
Shares of the trucking company, which is expected to file for bankruptcy after saying over the weekend that it was [shutting down operations,](https://www.wsj.com/articles/the-fall-of-a-trucking-giant-why-yellow-is-on-the-verge-o
( 22
min )
The content delivery network provider sees better-than-forecast growth and raises its full-year revenue outlook.
( 26
min )
Elon Musk’s Tesla is facing a legal battle with drivers over claims the company falsely advertised how many miles its electric cars can travel on a full battery.
( 32
min )
Wall Street analysts say Qualcomm faces prolonged smartphone weakness but differ on how its diversification plans are shaping up.
( 26
min )
(Bloomberg) -- PayPal Holdings Inc. shares slumped after the payments giant said a key measure of profits shrank in the second quarter as the company had to set aside more money to cover souring loans it has made to merchants. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseCanada PM Justin Trudeau Splits With Wife Sophie GregoireS&P 500 Has Worst Day Since April After Big Rally: Markets WrapMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceHere
( 32
min )
Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more high-earning tax filers … Continue reading → The post Where High-Earning Households Are Moving – 2022 Study appeared first on SmartAsset Blog.
( 41
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When you need another stream of income for retirement, you might consider an annuity. You purchase the annuity from an insurance company and receive payments back at a later date. Before buying an annuity, it's important to consider how much … Continue reading → The post How Much Does a $300,000 Annuity Pay Per Month? appeared first on SmartAsset Blog.
( 41
min )
Earning more money can make it easier to pay the bills, fund your financial goals and spend on hobbies or "fun," but what income is considered to make you rich? The answer can depend on several factors, including where you … Continue reading → The post What Income Level Is Considered Rich? appeared first on SmartAsset Blog.
( 42
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The markets have been hot these past six months. The pace of inflation is cooling off, the Federal Reserve is expected to dial back its own pace of interest rate hikes, tech stocks are booming on the strength of AI, and in all, the S&P gave five consecutive months of gains through the end of July. But did we just see a black swan? Fitch cut the US government’s credit rating yesterday, from AAA to AA+, saying that the Federal government’s fiscal situation is likely to deteriorate significantly ov
( 34
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A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can … Continue reading → The post Average Retirement Savings for Married Couples By Age appeared first on SmartAsset Blog.
( 40
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Online furniture retailer Wayfair surprised by posting adjusted earnings in the second quarter, while Wall Street had expected a loss.
( 26
min )
Johnson & Johnson is allowing shareholders to swap for shares of Kenvue, which has brands like Tylenol, at a discount.
( 26
min )
The e-commerce software company expects faster revenue growth than Wall Street analysts had penciled in.
( 26
min )
“There are some things that people shouldn’t worry about and this is one,” he said.
( 26
min )
Mizuho analysts see a $350 billion to $400 billion total addressable market opportunity in student loan refinancing for the fintech.
( 26
min )
Shares of Tupperware, Rite Aid and trucking giant Yellow have been on a wild ride.
The eye-popping swings in recent days are reminiscent of the meme-stock craze during the pandemic that turned [GameStop into an unlikely stock-market star](https://www.wsj.com/articles/keith-gill-drove-the-gamestop-r
( 23
min )
The online furniture retailer posted adjusted earnings of 21 cents a share for its second quarter. Wall Street had forecast a loss of 73 cents.
( 26
min )
Nucor, U.S. Steel and others are counting on infrastructure projects and auto production to raise demand.
( 27
min )
(Bloomberg) -- It’s business-as-usual for Warren Buffett’s Berkshire Hathaway after Fitch Ratings’ downgrade of the US.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseCanada PM Justin Trudeau Splits With Wife Sophie GregoireS&P 500 Has Worst Day Since April After Big Rally: Markets WrapMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceHere Are the 78 Charges Trump Now Faces, and All the Prison Time“Berkshire bought $10 billion in US Treasuries l
( 31
min )
Anheuser-Busch Inbev reported a drop in U.S. revenue in the second quarter as Bud Light sales plunged amid a conservative backlash over a campaign with transgender influencer Dylan Mulvaney. The world's largest brewer said Thursday that revenue in the United States declined by 10.5% in the April-to-June period from a year earlier, “primarily due to the volume decline of Bud Light.” It has lost its place as America’s best-selling beer after more than two decades, slipping into second place in June behind Mexican lager Modelo Especial, which is also owned by the Belgium-based ABInBev.
( 31
min )
Moderna Inc on Thursday raised its annual forecast for COVID-19 vaccine sales to up to $8 billion on hopes of a boost in the fall season as sales move to a private market in the United States from government contracts. Sales of COVID-19 products have slumped after bumper growth during the peak of the pandemic. Moderna expects $6 billion to $8 billion in sales from its COVID shots this year, up from its previous forecast of $5 billion, driven by potential U.S. demand for 50 to 100 million doses in the fall season.
( 31
min )
AB InBev earnings beat expectations despite boycott denting Bud Light sales, American Airlines is talking to Airbus and Boeing about ordering more jets, and other news to start your day.
( 26
min )
Qualcomm issues a revenue forecast below analysts' expectations, PayPal's results disappoint, and trading activity at Robinhood falls. Apple and Amazon are scheduled to report earnings after the closing bell Thursday.
( 27
min )
The company reported an adjusted operating margin of 21.4% for the three months ended June 30, below estimates of 22%, according to Refinitiv IBES data. "This was another disappointing earnings report from PayPal," Edward Jones analyst Logan Purk said. "This will fuel investor's bearish outlook that PayPal's focus on its largest customers will result in lower overall profitability."
( 30
min )
The largest residential solar developer in the U.S. reported good numbers. But it’s not quite the ray of sunshine for the sector investors might think.
( 26
min )
Anheuser Busch InBev reported underlying earnings of 72 cents a share for the second quarter, beating expectations despite a fall in U.S. revenue.
( 26
min )
The owner of Bud Light has revealed a steep drop in US sales after the beer’s collaboration with a transgender social media influencer sparked a backlash.
( 32
min )
(Bloomberg) -- Shares in Asia fell for a third day, following losses on Wall Street, while Treasuries extended a selloff as investors digested better-than-expected US labor-market data and prepared for a rush of US government bond issuance next week.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapCanada PM Justin Trudeau Splits With W
( 33
min )
Aero-engineer Rolls-Royce reported underlying operating profit of 673 million pounds ($855 million) in its first half, more than five times the level of a year ago, led by a large improvement in its civil aerospace margin. The British company upgraded its full-year profit forecast last month to 1.2-1.4 billion pounds ($1.6-1.8 billion) from its previous guidance of 800 million-1 billion pounds. The market had been forecasting 934 million pounds.
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NEW DELHI (Reuters) -India has restricted imports of laptops, tablets and personal computers with immediate effect, according to a government notice on Thursday, in a bid to push local manufacturing. In April-June, electronics imports, which include laptops, tablets and personal computers, was $19.7 billion, up 6.25% year-on-year.
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The exchange is struggling because last year's plunge in cryptocurrencies has discouraged people from trading, hitting its most important source of revenue.
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The company reports earnings Thursday. The key will almost certainly be the outlook for Amazon Web Services, its cloud computing platform.
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Consensus estimates call for revenue to be down slightly from a year ago. But a legion of bullish analysts see better growth ahead.
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While its Covid-19 vaccine became one of the best-selling medicines of all time, clocking $18.4 billion in sales in 2022, Moderna has no other marketed products.
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Johnson & Johnson is allowing shareholders to swap for shares of Kenvue, which has brands like Tylenol, at a discount.
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The twin tech giants, which represent billions in consumer and business spending, will deliver highly-anticipated quarterly reports on Thursday.
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In the postpandemic economy, we are living more and working less.
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Such has been the unpredictable nature of the markets and the economy in 2023, that’s it’s hard to guess what’s coming next. For example, it should be remembered that at the start of the year and coming off the back of 2022’s merciless bear market, few had predicted the ensuing rally that has taken place since. Likewise, for the broader economy. Against a backdrop of soaring inflation and high interest rates, there were plenty of financial prognosticators warning of an impending vicious recessio
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Back-to-back letters of credit consist of two LOCs used in international transactions facilitated by a broker. Learn how they help remove the risk of a payment default.
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The S&P 500 fell 0.3% on Thursday, Aug. 3, 2023 after weaker-than-expected earnings reports from ecommerce, travel, and chip companies weighed on the index.
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The Higher Education Act of 1965 is a federal law that created financial assistance programs for post-secondary school students and strengthened educational resources.
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Expedia Group shares plummeted after the online travel site reported sales and bookings that missed forecasts. The company gave weaker-than-expected guidance as growth slowed.
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Company-owned life insurance (COLI) is a type of policy that companies purchase to insure against the death of one or more employees.
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AB InBev sales in the U.S. plunged following the controversy over Dylan Mulvaney's promotion of Bud Light.
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Here’s a list of the top mutual funds, which pay regular dividends, for frequent income.
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Some electric car owners are now experiencing higher costs to power their vehicles than to fill up their gas-powered equivalents—if you calculate the costs a certain way.
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Shares of Regeneron jumped after the drug maker indicated it expects the FDA will soon approve a higher-dose version of its blockbuster drug to treat macular degeneration.
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A certificate of insurance (COI) is a nonnegotiable document issued by an insurance company or broker verifying the existence of an insurance policy. Learn how it works.
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The Hong Kong Stock Exchange is the seventh-largest in the world and easily accessible through ETFs.
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Monthly tracking report for credit card interest rates from Investopedia's database of more than 300 cards showed no change in the overall median available rate. These are the current rates as of August 2023.
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Today's best CD rate is 5.75% APY, offered by both Andrews Federal Credit Union and Citizens State Bank. We track CD rates every morning to bring you the top options.
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Pareto efficiency is an economic state in which resources are allocated in the most efficient manner.
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Employment and payroll data is expected to remain stable Friday, but any surprises could roil the markets.
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Today's CDs are paying record rates, offering their highest returns in at least 16 years. But will banks and credit unions push rates even higher in August?
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Consumers with super-prime credit are considered to have excellent credit and pose the least risk to lenders and creditors.
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Indemnity insurance is an agreement wherein one party guarantees compensation for losses or damages incurred by another.
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Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.
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Learn about the top index mutual funds with some of the lowest expense ratios.
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The free cash flow (FCF) formula calculates the amount of cash left after a company pays operating expenses and capital expenditures. Learn how to calculate it.
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A reverse repurchase agreement is the purchase of securities with the agreement to sell them at a higher price at a specific future date.
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Tesla's electric vehicle (EV) sales in China fell more than 30% last month compared with June, according to the China Passenger Car Association (CPCA). Domestic EV manufacturers in China like BYD, Nio (NIO), and Xpeng (XPEV) gained ground.
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Here's how countries use sovereign wealth funds to stabilize their economies, though these investments can lack transparency.
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Tesla is being sued for fraud after reports revealed the company has been knowingly inflating driving-range figures at the behest of CEO Elon Musk.
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TikTok dropshipping is a business model that uses the TikTok platform to generate sales by advertising products that are being offered through an online dropshipping store. Dropshipping lets people sell products from third party suppliers without being required to hold or ship inventory themselves.
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Five developed nations have no federally regulated minimum wage and may use unions to ensure workers are fairly paid.
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Both credit ratings and credit scores are designed to show potential lenders and creditors a borrower’s likelihood of repaying a debt.
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U.S. equities were mixed and little changed at midday on Thursday, Aug. 3, 2023, amid concerns about higher interest rates and the latest earnings reports.
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A triangle is a continuation pattern used in technical analysis that looks like a triangle on a price chart.
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Find out why bank stocks usually trade below book value and understand how trading activities increase a bank's risk exposure and affect its valuation.
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Deflation is a decrease in the price level of goods and services and the opposite of inflation when prices rise.
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Popular among investors and analysts, specific financial ratios help evaluate healthcare sector companies.
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Robinhood shares were sharply lower after the company posted mixed earnings, which included a Monthly Active User (MAU) drop.
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The U.S. debt grows every year. But how does national debt actually affect you?
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PayPal beat quarterly profit and sales estimates, but a drop in adjusted operating margin and money set aside to cover bad loans sent shares lower.
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Qualcomm shares tumbled after the cellphone chipmaker missed revenue estimates and warned about current quarter sales because of slowing demand for smartphones.
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Life insurance provides a financial safety net for your loved ones, but in certain situations, your policy might not pay out the death benefit.
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To boost local manufacturing and restrict imports from China, India has imposed licensing requirements that affect computer imports and impact Apple, Dell, and Samsung.
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Thirty-year mortgage rates edged higher while jumbo 30-year rates jumped to their highest mark since at least 2009. Refinancing rates on 30-year loans climbed for a fifth day.
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With its high yields and the ubiquity of iPhones, Apple's savings account has attracted over $10 billion in deposits since its launch in April.
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Joint tenancy is a legal arrangement in which two or more people own a property together, each with equal rights and obligations.
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Energy giant ConocoPhillips posted second-quarter profit and revenue that missed expectations, reflecting a pullback in oil prices from last year's highs and despite record production levels.
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Creditworthiness is a measure of the likelihood that you will default on your debt obligations. Lenders consider your creditworthiness when you apply for a loan.
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Funds transfer pricing (FTP) analyzes bank funding contributes to areas of strength and weakness within the bank.
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Understand the difference between sponsored American depositary receipts (ADRs) categorized within level I, II or III. Find out how investors can benefit.
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A lease option is an agreement that gives a renter the choice to purchase the rented property during or at the end of the rental period.
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A quitclaim deed releases a person’s interest in a property without stating the nature of the person’s interest or rights, and with no warranties of ownership.
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Saoedi-Arabië gaat de olieproductie nog een maand langer beperken. De olieprijzen stijgen al maanden doordat olieproducerende landen hun productie terugschroeven. En dat merken we aan de pomp.
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De brand op vrachtschip Fremantle Highway heeft geen financiële gevolgen voor Volkswagen. Volgens een woordvoerder is "een zeer klein deel" van de auto’s aan boord van een van de Volkswagen-merken, zoals Audi, Seat of Volkswagen zelf. En die zijn verzekerd.
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Na een Russische aanval op de Oekraïense havenstad Izmail is de prijs van graan weer gestegen. Oekraïne produceert veel graan, maar kan het door de oorlog lastig exporteren. Rusland trok zich onlangs terug uit de 'graandeal'. NU.nl-lezers vroegen zich af: is er echt geen alternatief?
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Nederlandse kersentelers beleven een dramatisch jaar door het koude en natte voorjaar. De oogsten zijn volgens telers de helft lager dan in 2022, met duurdere kersen tot gevolg. Inmiddels zijn er ook zorgen over bijvoorbeeld bessen en aardappelen.
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SNS Bank, ASN Bank en RegioBank verhogen hun spaarrentes. Dat doen ze in navolging van renteverhogingen van de Europese Centrale Bank (ECB) en andere grote banken als Rabobank, ABN AMRO en ING.
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Nederlandse kersentelers beleven een dramatisch jaar door het koude en natte voorjaar. De oogsten zijn volgens telers de helft lager dan in 2022, met duurdere kersen tot gevolg. Inmiddels zijn er ook zorgen over bijvoorbeeld bessen en aardappelen.
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In navolging van de Europese en Amerikaanse centrale bank heeft nu ook de Bank of England de rente verhoogd naar het hoogste niveau in jaren. De verhogingen zijn bedoeld om de inflatie te bestrijden.
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Met het slechte weer trekken vakantiegangers en dagjesmensen naar binnenzwembaden. De kaartjes voor zwembaden bij Center Parks-vakantieparken voor vandaag zijn bijna uitverkocht en die voor vrijdag raken ook op. Bij andere zwembaden blijven buitenbaden dicht.
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Een korte pinstoring zorgde er donderdag voor dat er bij kassa's door het hele land tijdelijk niet of nauwelijks gepind kon worden. Inmiddels zijn de problemen volgens Betaalvereniging Nederland verholpen.
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Een landelijke pinstoring veroorzaakt door het hele land problemen aan de kassa's. Mensen kunnen hun boodschappen mogelijk niet afrekenen met een pinpas en moeten met cashgeld betalen. Er wordt gewerkt aan een oplossing.
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Het Belgische bierconcern AB InBev kan opgelucht ademhalen. Het moederbedrijf van onder meer Budweiser werd het afgelopen kwartaal geteisterd door de inflatie en een boycot, maar maakte wereldwijd toch 7 procent meer omzet.
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De Turkse inflatie is in juli na acht maanden van daling weer gestegen. De prijzen in het land gingen met 47,8 procent omhoog ten opzichte van dezelfde maand vorig jaar.
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Nintendo maakte nog nooit zoveel winst als in het afgelopen kwartaal. Het Japanse bedrijf scoorde volop met The Super Mario Bros. Movie en het populaire spel The Legend of Zelda: Tears of the Kingdom.
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We kiezen steeds vaker voor een stroomcontract met Nederlandse groene stoom. Het gaat dan om een combinatiecontract met gas waarvan de CO2-uitstoot wordt gecompenseerd. Het afgelopen kwartaal werd dat 22 procent vaker aangevraagd dan een jaar terug, meldt prijsvergelijker PriceWise.
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Consumenten ondervinden meer hinder van de energietransitie. Het gebeurt bijvoorbeeld steeds vaker dat ze hun opgewekte zonnestroom kortstondig niet kunnen terugleveren aan het stroomnet.
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Chinese kinderen onder de achttien jaar mogen binnenkort mogelijk nog maar een paar uur per dag online op hun telefoons. De Chinese toezichthouder heeft daarvoor een voorstel ingediend. In China wordt de schermtijd van kinderen al jaren beperkt.
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We kiezen steeds vaker voor een stroomcontract met Nederlandse groene stoom. Het gaat dan om een combinatiecontract met gas waarvan de CO2-uitstoot wordt gecompenseerd. Het afgelopen kwartaal werd dat 22 procent vaker aangevraagd dan een jaar terug, meldt prijsvergelijker PriceWise.
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De Duitse luchtvaartmaatschappij Lufthansa verwacht dat de vraag naar vliegtickets ook de rest van het jaar hoog blijft. Het aantal boekingen van augustus tot en met december is ruim 90 procent groter dan in de periode voor de coronacrisis.
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ING heeft afgelopen kwartaal flink geprofiteerd van de hogere rente. Het concern zag vooral de rente-inkomsten toenemen.
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Het UWV wist al sinds 2020 dat het de online privacy van uitkeringsgerechtigden schond door zonder toestemming cookies te plaatsen om te checken of mensen met een WW-uitkering ongeoorloofd in het buitenland verbleven. Dat blijkt uit onderzoek van de NOS.
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Inwoners van Friesland bewijzen dat geld niet per se gelukkig maakt. Zij zijn bovengemiddeld tevreden over hun leven, terwijl de Randstad en Noord-Brabant beduidend rijker zijn.
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Het UWV wist al sinds 2020 dat het de privacy van uitkeringsgerechtigden schond door zonder toestemming cookies te plaatsen om te kijken of ze ongeoorloofd in het buitenland verbleven terwijl ze een WW-uitkering ontvingen. Dat blijkt uit onderzoek van de NOS.
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De stijgende loonkosten zorgen ervoor dat de prijzen op een hoog niveau blijven. In verschillende sectoren zijn de lonen de afgelopen maanden flink gestegen en steeds meer bedrijven berekenen dat nu door.
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China's loss in India could be Elon Musk's gain. Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest rival in electric vehicles, China's BYD, has been stopped cold by increased scrutiny from New Delhi. The result could be an opening for Tesla to negotiate terms for an entry to the world's third-largest auto market without the competitive threat from BYD that it faces in other emerging markets, like Thailand.
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The EV market has become extremely competitive in 2023, and while some of the smaller players are getting crushed, smart investors are betting on highly profitable niches such as electric boats
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(Bloomberg) -- Qualcomm Inc., the largest maker of smartphone processors, fell as much as 8.2% in late trading after giving a tepid sales forecast for the current quarter, indicating that demand for mobile devices remains weak.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapCanada PM Justin Trudeau Splits With Wife Sophie GregoireHere
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(Bloomberg) -- Qualcomm Inc., the largest maker of smartphone processors, gave a tepid revenue forecast for the current period, indicating that demand for mobile devices remains weak even as the industry emerges from a glut.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Drops 1% After Rally as Bond Yields Climb: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachWhy t
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Investors frowned on PayPal's second quarter report.
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Qualcomm, Stung by Sluggish Smartphone Market, Plans Layoffs
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The company reported non-GAAP earnings of $1.16, edging out expectations at $1.15 a share, according to FactSet.
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EVgo reported a per-share loss of 8 cents from $50.6 million in sales. Wall Street was looking for a 26-cent loss from sales of $29.5 million.
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U.S. midstream company Energy Transfer on Wednesday reported lower earnings for the second quarter despite higher transport volumes in most energy product segments versus a year ago. Lower natural gas and natural gas liquids (NGL) prices affected results, the company said. Energy Transfer expects full-year 2023 adjusted EBITDA to range between $13.1 billion and $13.4 billion, which is slightly tighter than the previous range of $13.05 billion to $13.45 billion.
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The company reported non-GAAP earnings of $1.16, edging out expectations at $1.15 a share, according to FactSet.
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(Bloomberg) -- Occidental Petroleum Corp. bought back $522 million of Berkshire Hathaway Inc.’s preferred stock in the second quarter, demonstrating its willingness to repay Warren Buffett even as commodity prices drop. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Has Worst Day Since April After Big Rally: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachWhy the U
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The e-commerce software company expects faster revenue growth than Wall Street analysts had penciled in.
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See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.
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SolarEdge Technologies shares cratered after the solar power company warned its business is being hurt by high borrowing costs, and gave current quarter guidance that missed estimates.
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Richard Branson's Virgin Galactic saw its revenue and expenses both surge in the second quarter as it officially began flying paying customers.
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Occidental Petroleum Corp on Wednesday reported an 83% slump in second-quarter profit, hit by lower oil and gas prices. Oil and gas prices soared last year in the wake of Russia's invasion of Ukraine but energy prices have dropped sharply this year as fears of shortages eased amid global economic challenges. The lower oil prices were still lucrative for oil producers and Occidental's production in the quarter rose to 1.22 million barrels of oil equivalent per day (boepd) from 1.15 million boepd a year earlier.
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Occidental Petroleum Corp on Wednesday reported an 83% decline in second-quarter profit on lower crude prices and weaker production. Occidental, one of the largest oil and gas producers in the U.S., said net income attributable to common stockholders stood at $605 million, or $0.63 per share, for the three months ended June 30, compared with $3.55 billion, or $3.47 per share, a year ago.
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Though inflationary headwinds and subsequent interest rate hikes have squeezed budgets in households, consumer spending held up through the second quarter, driving an 11% surge in PayPal's total payment volume to $376.5 billion. PayPal expects third-quarter revenue at about $7.4 billion, above analysts' average estimate of $7.32 billion, according to Refinitiv data. The optimistic revenue forecast echoed results of card giants Mastercard and Visa, which posted a boost in quarterly profits on the back of strong consumer spending.
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Payments firm PayPal Holdings forecast third-quarter revenue above estimates on Wednesday, expecting consumers to remain resilient in the face of a tough economy. Though inflationary headwinds and subsequent interest rate hikes have squeezed budgets in households, consumer spending held up through the second quarter, driving an 11% surge in PayPal's total payment volume to $376.5 billion. PayPal expects third-quarter revenue at about $7.4 billion, above analysts' average estimate of $7.32 billion, according to Refinitiv data.
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South American e-commerce giant MercadoLibre reported on Wednesday a 113% rise in its second-quarter net income from a year earlier to $261.9 million, amid higher sales volume and an increase in users. The company, with presence in over 18 countries across Latin America, saw its net revenue rise 57.3% in constant currency to $3.4 billion. Over the quarter, MercadoLibre said it added 8.1 million new users across its operations, bringing its total active user base to 108.6 million.
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Demand for consumer electronics has also been hampered by a slower-than-expected economic recovery in China. Smartphone shipments in the world's second largest economy were down 5% in the June quarter, according to Canalys data. Qualcomm said its forecast also takes into account the impact of the macroeconomic headwinds, weaker global handset units and channel inventory drawdown.
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Fitch downgraded the U.S. credit rating in a shock move that has sent stocks lower. But there is reason to believe it won't be as bad as the last downgrade.
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(Bloomberg) -- A deal to take Donald Trump’s media company public is facing another major setback, putting into question whether it will ever get completed. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Drops 1% After Rally as Bond Yields Climb: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachWhy the US Credit Rating Was Cut by Fitch and What It MeansSpecial-purpo
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The fall came amid a broader sell-off in the tech sector that saw megacap stocks fall 1.5% to 5% and the Philadelphia SE Semiconductor Index drop 3.5%. AI has been a key theme in the chip sector so far this year, driving shares of chip companies and helping Nvidia become the first and only semiconductor firm to be valued at more than a trillion dollars. Investors hope AMD will emerge with a challenger chip to Nvidia's most powerful AI semiconductors and help in fulfilling strong demand for chips that can power applications like chatbot ChatGPT.
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UBS Group is laying off employees from Credit Suisse's investment bank this week in New York, a source familiar with the situation said. On top of the layoffs in New York, UBS has decided to close Credit Suisse's office in Houston, the person added, asking for anonymity to speak freely on the matter. The office in Houston used to lead business with the oil industry, which will now be covered by New York, the source added, also declining to specify the number of people affected.
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Jamie Dimon, the chief executive of JPMorgan Chase, said Fitch’s downgrade of the U.S. credit rating shouldn’t be too concerning about how investors view the country’s ability to pay its debt.
In an intervi
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The ratings agency cut the US's credit score late Tuesday, citing rising debts and an "erosion of governance."
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It's well-established on Wall Street that companies that beat the analysts' estimates often outperform other stocks over the next few weeks. And when the "beat" is on both earnings and revenue, it's even more likely to propel a stock higher. But sometimes Wall Street will "buy on the rumor, sell on the news," and a stock may drop for a day or two after the earnings report. Analysts' opinions often carry more weight than the earnings performance of a company. Take a look at three real estate inve
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It's way too easy to become a real estate agent, posing a threat to both consumers and experienced Realtors.
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The U.S. economy grew at an upwardly revised annual rate of 2% in the first quarter, shrugging off prior fears of a recession. But according to JPMorgan Chase & Co., the “R word” may be inevitable. That’s because of the U.S. Federal Reserve’s aggressive interest rate hikes to tame rampant inflation. “While the economy’s recent resilience may delay the onset of a recession, we believe that most of the lagged effects of the past year’s monetary tightening have yet to be felt, and ultimately a rece
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Investors are drawing false comfort from the past and from the perception that fiscal scolds in the U.S. have cried wolf so often.
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Semiconductor stocks have been one of this year’s hottest trades. But lately, chipmakers have been leaving investors cold.
Advanced Micro Devices reported second-quarter sales and earnings that topped Wall Street estimates on Tuesday afternoon. But investors were evidently looking for more: AMD sha
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Renowned investor and Berkshire Hathaway Inc. Vice Chairman Charlie Munger is no stranger to controversial statements when it comes to investment philosophy. One of his most contentious views is on diversification, which he famously refers to as "deworsification." According to Munger, the traditional approach to diversifying investments may not be the wisest strategy. During the 2019 Daily Journal Annual Meeting, Munger responded to a question about diversification with a memorable analogy. "Div
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I'm 73 and my 401(k) hasn't been doing well for the last few years. Would it be a good idea for me to withdraw my money from my 401(k) and pay the tax that I will have to pay eventually anyway, and then invest the rest of my money in CDs? -Archie Your desire for […] The post Ask an Advisor: I'm 73 and My 401(k) ‘Hasn't Been Doing Well.’ Should I Withdraw My Money and Invest in CDs? appeared first on SmartReads by SmartAsset.
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Disappointing guidance from SolarEdge follows a similar announcement from Enphase Energy last month.
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Are markets headed for new record highs? That may seem counter-intuitive, but according to J.P. Morgan’s head of US market intelligence, Andrew Tyler, the tea leaves are indicating just such new heights for the S&P 500. Tyler notes that, even in today’s uncertain conditions, the S&P index is within 5% of its all-time high – and with inflation slowing down, the Fed is likely to pare back on further rate hikes, a move that will support growth and a shift toward stocks. Recent earnings reports are
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Mortgage rates moved strongly upward for virtually every loan type Tuesday, with the 30-year and 15-year averages reaching three-week highs. Refi rates also jumped.
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Shares of troubled trucking company Yellow slid 15% in early trading Wednesday morning.
The morning move extends a stretch of volatile trading that has followed the company's decision to shut down operations ahead of [an expected bankruptcy filing](https://www.wsj.com/articles/the-fall-of-a-truckin
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During Wednesday’s trading session, the euro experienced a slight decline, hovering just above the 50-Day Exponential Moving Average.
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AMD stock is now set to be driven by its success in AI chips. But analysts are split on how much market share it can take from Nvidia.
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In my 401(k) retirement plan, I’m 82% stocks. I’m 65 and still working. Should I be moving my stocks to bonds? -Bob While it's not a satisfying answer, the real answer is that "it depends." The decision of whether to shift your 401(k) to a more conservative asset allocation will depend primarily on your longer-term […] The post Ask an Advisor: ‘Should I Be Moving Stocks to Bonds?’ I’m 65 and Have 82% of My 401(k) in Equities appeared first on SmartReads by SmartAsset.
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Tupperware is the latest meme stock, and retail traders have pushed it higher in recent weeks despite concerns over the future of the business.
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Americans, on average, believe they'll need $1.8 million for retirement. Is that realistic, and how would they get there?
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Tupperware shares are sliding 13% ahead of the opening bell, chipping away at some of the stock's big gains this week.
Investors have been following [the meme playbook](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-08-01-2023/card/tupperware-stock-skyrockets-24-ahead-of-the-opening-
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People say they need more money than ever to retire comfortably, but most employees are far from reaching their financial goal.
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Tyre manufacturer Goodyear India reported a higher quarterly profit as a drop in raw material prices helped make up for its first revenue fall in 12 quarters on low demand. The Indian unit of U.S.-based Goodyear Tire and Rubber Co said standalone profit rose 4% to 392.6 million rupees ($4.8 million) in the first quarter. While revenue from operations fell about 12% to 7.2 billion rupees, that was more than offset by a roughly 13% drop in expenses due to lower raw material prices.
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LONDON (Reuters) -German mobile and broadband provider 1&1 said it had agreed a deal for Vodafone to provide 5G coverage to its customers, ousting current network partner Telefonica Deutschland by October 2024 at the latest. 1&1, which is majority owned by United Internet AG, said Vodafone would provide mobile coverage in areas not covered by its new 1&1 network, including 5G, 2G and 4G, under a deal that would be concluded as soon as possible.
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CVS Health topped second-quarter expectations, but the health care giant's profit sank as pricing pressure hurt its drugstore business and rising medical costs hit the health insurance side. The drugstore chain, pharmacy benefit manager and insurer said Wednesday that it posted adjusted earnings of $2.21 per share in the quarter that ended June 30. Woonsocket, Rhode Island-based CVS Health Corp. operates one of the nation’s largest drugstore chains with nearly 10,000 retail locations.
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Shares of the back-up power provider tumble after the company warns of a sharper sales decline in the second half of the year.
( 26
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Low margins industry-wide saw Enterprise Products Partners missing analyst expectations for Q2, but the company still reached six operational records
( 12
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Fitch downgraded the U.S. credit rating in a shock move that has sent stocks lower. But there is reason to believe it won't be as bad as the last downgrade.
( 27
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CVS Health Corp beat Wall Street estimates for quarterly profit on Wednesday, boosted by strength in its pharmacy benefit management unit and lower-than-expected medical costs in its health insurance business. Excluding items, the company reported a profit of $2.21 per share, above analysts' average estimate of $2.11 per share, according to Refinitiv data.
( 30
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AMD's fiscal third-quarter revenue guidance slightly misses estimates, quarterly sales at Starbucks come up short, and EA's guidance disappoints. CVS Health, Qualcomm, Shopify, and PayPal are among the companies reporting earnings Wednesday.
( 27
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AMD stock is now set to be driven by its success in AI chips but analysts are split on how much market share it can take from Nvidia.
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The U.S. Internal Revenue Service plans to allow taxpayers to submit all documents and correspondence to the agency digitally for the 2024 tax filing season and will convert all paper tax returns to digital documents by the 2025 season, the Treasury Department said on Wednesday. The initiative, part of a decade-long, $60 billion program to modernize systems and improve tax enforcement, will allow taxpayers to digitally submit all correspondence, non-tax forms and responses to IRS notices, the Treasury said.
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The industrial titan slashed its payout in 2018. A separation of the aviation and power divisions could mean a bigger one.
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Asian shares dipped Wednesday after Wall Street took a step back from its big rally as markets tried to digest a slew of earnings. Hong Kong's Hang Seng dipped 2.1% to 19,590.86, while the Shanghai Composite lost 0.9% to 3,259.93. Investor optimism was hurt by Fitch Ratings downgrading the United States government’s credit rating, citing rising debt at the federal, state, and local levels.
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Maker of mobile processors and 5G wireless chipsets Qualcomm may provide a muted forecast when it reports fiscal-third-quarter earnings after the market close.
( 26
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(Bloomberg) -- Asia stocks fell as Fitch Ratings’ downgrade of the US sovereign rating sapped risk sentiment following a strong recent run, while further support measures from China failed to reverse the mood. Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsPoland Sends Troops to Belarus Border After Airspace BreachTrump Indicted on Federal Charges in 2020 Election ProbeMissing Goldman Sachs Analyst Co
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(Bloomberg) -- The fallout from Fitch Ratings’ downgrade of the US puts the focus on the countries still holding onto the coveted top credit grade.Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellPoland Sends Troops to Belarus Border After Airspace BreachUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceTrump Indicted on Federal Charges in 2020 Election ProbeEconomies with the highest credi
( 30
min )
(Bloomberg) -- Prominent economists Larry Summers and Mohamed El-Erian joined a cohort of their peers in criticizing Fitch Ratings’ decision to downgrade the US given signs of resilience for the world’s largest economy.Most Read from BloombergUS Stripped of AAA Rating by Fitch as Budget Deficits SwellUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsPoland Sends Troops to Belarus Border After Airspace BreachTrump Indicted on Federal Charges in 2020 Election ProbeMissing Goldman Sachs A
( 31
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Asian stocks traded lower while U.S. Treasury yields declined on Wednesday, after ratings agency Fitch unexpectedly downgraded the United States' top-tier sovereign credit rating. MSCI's broadest index of Asia-Pacific shares fell 0.5%. Asian stocks were also weighed by declines on Wall Street overnight.
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Whether the federal government recovers the money it lent Yellow at the height of the pandemic would likely depend on how much Yellow raises by selling assets.
( 26
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(Bloomberg) -- Advanced Micro Devices Inc., the second-largest maker of personal computer processors, gained in late trading after the company topped second-quarter estimates and said it was making further inroads in artificial intelligence computing. Most Read from BloombergUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationStocks ‘Bend, Don’t Break’ After Almost 30% Rally: Markets WrapAsia’s Richest Families Fuel Race for
( 32
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The S&P 500 index finished 1.4% lower on August 2, 2023, after chipmaker AMD issued weaker-than-expected third-quarter guidance, which weighed on the sector.
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Half of workers think they might reach their retirement goals.
( 17
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See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.
( 18
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Humana said it paid out fewer-than-expected claims for non-urgent surgery, and that helped the health insurer record better-than-expected second quarter profit.
( 18
min )
SolarEdge Technologies shares cratered after the solar power company warned its business is being hurt by high borrowing costs, and gave current quarter guidance that missed estimates.
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Six asset managers have filed with the SEC for Ethereum futures ETFs, which could launch as early as October.
( 17
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Devaluation is the deliberate downward adjustment to the value of a country's currency relative to another currency or standard.
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You can buy a CD in a foreign country, but it's risky. Find out more about how it works and the pros and cons.
( 23
min )
These accounts—created specifically for the wealthy—come with special perquisites such as personal bankers, waived fees, and the option of placing trades.
( 23
min )
The quantity supplied is a term used in economics to describe the number of goods or services that are supplied at a given market price.
( 23
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Generac Holdings was the worst-performing stock in the S&P 500 after the maker of home generators and other alt power equipment warned of a slump in residential sales because of falling demand.
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Investors reacted to the Fitch Rating agency’s downgrade of U.S. credit, sending long-term bonds higher and the Dow Jones lower by about 1%, or 350 points.
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Federal support for renewable energy projects more than doubled from 2016 to 2022, according to a recent report from the U.S. Energy Information Administration (EIA).
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Rohit Chopra is the director of the Consumer Financial Protection Bureau (CFPB). He previously served as commissioner of the Federal Trade Commission (FTC).
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Combined single limits is an insurance policy provision where coverage for all components of a claim (bodily injury and property damage) is handled by a single amount.
( 21
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Monetary policy impacts every asset class, and investors commonly structure their portfolios to benefit from and absorb economic policy changes.
( 21
min )
The White House and Supreme Court have taken opposing positions on student loan forbearance. Learn what's in store for student borrowers with the SAVE plan.
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In the aftermath of the COVID-19 pandemic, hiring is still booming, unemployment is near historic lows, yet Americans as a whole are still working fewer hours than they did in 2019.
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Yum! Brands reported a record $7 billion in digital sales during the second quarter of 2023 as worldwide sales and same-store sales increased.
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Trading losses and a decline in dealmaking led to an earnings slump at private equity (PE) firm Carlyle Group in the second quarter, although the loss was smaller than expected.
( 17
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Learn the most commonly followed market and economic indicators used by market analysts to track the Chinese stock market and China's economy.
( 27
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Here are the best online brokerage accounts and trading platforms with low costs and fees plus the best trading experience, mobile apps, and more.
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Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.
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The desirable markets aren't immune to high mortgage rates and low inventory, which are dampening the housing market nationwide.
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Chemicals giant DuPont De Nemours posted a smaller-than-expected loss in the second quarter while raising its full-year sales forecast, but projected lower earnings for the year.
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See a full overview of PNC savings account interest rates. Compare PNC Bank to top competitors and find the right savings account for your financial needs.
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You can name almost anyone as a transfer on death (TOD) beneficiary. Learn more about the process and benefits for naming a TOD beneficiary.
( 22
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An account freeze includes actions taken by a bank, brokerage or government to prevent transactions in an account.
( 22
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Kraft Heinz's Q2 earnings reflected sales affected by a reduction in demand from cost-conscious consumers. Shares slipped early Wednesday but recovered.
( 17
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Shares of CVS Health Corporation advanced as cost cutting helped the pharmacy chain and healthcare company post better-than-expected results.
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U.S. equities plunged at midday on Wednesday, Aug. 2, 2023 after Fitch reduced the U.S. credit rating.
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Starbucks sales soared in China as COVID-19 restrictions there eased, but overall revenue and comparable store sales were less than expected.
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The House Committee on China has launched an investigation into BlackRock and MSCI for investing into blacklisted Chinese companies.
( 17
min )
Researchers working on artificial general intelligence (AGI) aim to eventually produce a form of AI with human-level intelligence. AGI would ideally be able to learn, self-teach, and perform generalized tasks without human supervision or intervention.
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Explore the forward price-to-earnings ratio, and learn its significance and how it compares to the traditional price-to-earnings ratio.
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min )
A telex release is a convenient option for shippers who do not need original documents for their accounting or legal records.
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A bank statement is a record, typically sent to the account holder every month, summarizing all transactions in an account during a set time period.
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Is it better to make foreign direct investments or foreign portfolio investments? What is the difference and who does each one appeal to?
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Mortgage rates moved strongly upward for virtually every loan type Tuesday, with the 30-year and 15-year averages reaching three-week highs. Refi rates also jumped.
( 20
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Similar to rivals Intel and Nvidia, AMD could develop AI chips that it will be allowed to export to China despite U.S. controls.
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An external transfer is a way to move money between accounts that are in different financial institutions. Learn how external transfers work.
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min )
Learn who the top 10 billionaires in the world are and how they built their wealth.
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min )
A variety of metals, plastics, raw materials and chemicals are used by the electronics industry including copper, lithium, silver, gold and many others.
( 19
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Financial capital commonly refers to the assets needed so a company can provide goods or services, measured in cash value. Economic capital is the money to cover possible losses from unexpected risks.
( 19
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A structured note is a debt obligation that also contains an embedded derivative component that adjusts the security's risk-return profile.
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Inwoners van Friesland bewijzen dat geld niet per se gelukkig maakt. Zij zijn bovengemiddeld tevreden over hun leven, terwijl de Randstad en Noord-Brabant beduidend rijker zijn.
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Isolatiebedrijven en woningeigenaren moeten voor ze spouwmuren isoleren goed onderzoeken of daar vleermuizen in zitten. Met een camera in de ruimte tussen de muren kijken is niet voldoende.
( 5
min )
Ferrari beleeft dit jaar gouden tijden met sterke verkopen in Europa, de Verenigde Staten en China. De sportwagenfabrikant zag de nettowinst met een derde stijgen tot 334 miljoen euro. Prijsverhogingen maken klanten schijnbaar niet minder enthousiast.
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min )
Pensioenfondsen profiteren van de stijgende rente en koerswinsten op de aandelenbeurs. Daardoor zijn de dekkingsgraden in juli opgelopen tot gemiddeld 122 procent. Dat betekent dat de fondsen gemiddeld voor elke 100 euro pensioenuitkering 122 euro in kas hebben.
( 3
min )
De Griekse overheid biedt vakantiegangers een week gratis vakantie op Rhodos aan. Het aanbod geldt voor toeristen die in juli hun vakantie moesten afbreken vanwege hevige bosbranden.
( 3
min )
Het is vandaag Earth Overshoot Day. Op deze 'dag van de overbevraging' hebben we al het voedsel en de grondstoffen die de aarde in een jaar tijd duurzaam kan produceren al verbruikt. Dus 'vieren' we vandaag dat we flink rood staan bij de planeet.
( 5
min )
De Griekse overheid biedt vakantiegangers een week gratis vakantie op Rhodos aan. Het aanbod geldt voor toeristen die in juli hun vakantie moesten afbreken vanwege hevige bosbranden.
( 3
min )
De prijzen van tarwe en mais zijn woensdag verder gestegen na de Russische aanval op de haven van de Oekraïense stad Izmail.
( 3
min )
Met een betaald abonnement op X, voorheen Twitter, krijg je een blauw vinkje achter je naam. Gebruikers die er niet mee te koop willen lopen dat ze voor de dienst betalen, kunnen hem voortaan verbergen voor anderen.
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min )
De Verenigde Staten zijn voor beleggers minder betrouwbaar geworden. Volgens kredietbeoordelaar Fitch behoren Amerikaanse staatsleningen niet meer tot de veiligst denkbare beleggingen. Dat heeft te maken met de politieke strijd over het schuldenplafond.
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Werknemers profiteren steeds meer van de krapte op de arbeidsmarkt. Het is niet voor niets dat het verloop bij veel bedrijven op een hoog niveau ligt. We wisselen vaker van baan en zijn niet meer bang om een hoger loon of een andere functie te eisen.
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De regenachtige weken in juli zorgen voor lege terrassen bij strandtenten. Maar weer of geen weer, de Duitse toerist blijft een trouwe klant.
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min )
BTC's price rose following the announcement.
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United Auto Workers President Shawn Fain said on Tuesday the union is seeking economic benefits in contract talks with the Detroit Three automakers, including double-digit pay raises and defined benefit pensions for all workers. The UAW presented its economic demands to Chrysler-parent Stellantis on Tuesday and will make presentations to General Motors Wednesday and Ford Thursday ahead of the Sept. expiration of the current four-year contracts, Fain said.
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As summer travel remains solid and consumer spending appears robust, plenty of analysts now believe a recession will not materialize. However, that is not the view of Raymond James’ CIO, Larry Adam. Adam is of the mind that a recession is all but inevitable and will kick off by this year’s fourth quarter. That said, the good news is that it will be a mild recession, one where the U.S. economy will shrink in a far less acute manner than during other recessions (0.6% vs. the average 2.5%), won’t l
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Shares of the Monroe, Louisiana-based company, which has lost more than 61% of their value this year, dropped more than 8% in trading after the bell. The company, whose second-quarter loss was more than four times its $2 billion market capitalization, recorded a steep fall from a profit of $344 million a year ago. Lumen said it recorded a non-cash impairment charge of $8.8 billion in the quarter, triggered by a sustained decline in their share price and variance in the market valuation in the April-June period.
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See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.
( 20
min )
The company topped estimates but that wasn't enough for fickle investors.
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Profits for oil and gas companies have dropped from last year's bumper levels after crude prices eased from multi-year highs when Russia's invasion of Ukraine upended markets. Shares of Devon fell 2.4% to $52.41 in extended trade. Pioneer posted a 53.5% drop in second-quarter profit, while Devon's income declined 64.3%.
( 31
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Advanced Micro Devices forecast third-quarter revenue below market expectations on Tuesday, hit by a slowdown in cloud computing spending. The company forecast current-quarter revenue of about $5.7 billion, plus or minus $300 million. Analysts polled by Refinitiv expect revenue of $5.82 billion.
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Videogame publisher Electronic Arts missed booking estimates for its first quarter on Tuesday, hurt by competition from other franchise-based games and muted spending by gamers. The company posted net bookings of $1.58 billion in the quarter ended June 30, compared with Refinitiv estimates of $1.59 billion.
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For the fiscal third quarter, analysts expect Apple to report sales of $81.9 billion, down about 1% from the year-earlier quarter.
( 26
min )
Tupperware is the latest meme stock, and retail traders have pushed it higher in recent weeks despite concerns over the future of the business.
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min )
A drug company with operations in Morrisville has signed a major licensing deal for its newly approved treatment for multiple sclerosis.
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min )
To start, Enphase Energy is working to expand faster in Europe, where its sales are still growing fast.
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Cruise stocks fell Tuesday, with Norwegian Cruise Line plummeting, after the company set a third-quarter profit outlook that was narrower than Wall Street expected.
Norwegian's shares were recently down more than 13%, on pace to break a four-day winning streak and one of the S&P 500's worst perfo
( 22
min )
Creditors led by Apollo Global Management Inc are nearing a deal to provide Yellow Corp with fresh cash during a coming bankruptcy, Bloomberg News reported, citing people with the matter. Yellow, formerly called YRC Worldwide, is the third-biggest U.S. trucking company's that focuses on "less-than-truckload" shipping and transports goods from multiple shippers in single trailers. Apollo and Yellow did not immediately respond to Reuters' request for a comment.
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Crumbling COVID-19 vaccine and treatment sales chopped Pfizer’s second-quarter earnings, but both the drugmaker and Wall Street expect a rebound in the back half of 2023. Pfizer recorded no U.S. sales of its treatment, Paxlovid, in the recently completed quarter, as the company shifts to selling the pills on the commercial market after contracting with the government. Sales of the vaccine Comirnaty also slid 83% to $1.49 billion in the quarter, as both products fell short of Wall Street expectations.
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SoFi is aiming to be profitable in its fourth quarter, but Wall Street is questioning the pace of growth.
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BRY, GNK, ARI, PXD, and EGLE lead peers by forward dividend yield
( 25
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Toyota's operating margins are back above those of electric vehicle giant Tesla. The battle for global automotive dominance continues.
( 26
min )
Yellow Corp.'s expected bankruptcy was decades in the making, says FreightWaves' Craig Fuller, who argues Teamsters were "dragging" the "precarious" situation.
( 31
min )
(Bloomberg) -- Tupperware Brands Corp. has been warning for months that it may go bust, but that isn’t keeping retail investors away from powering an eye-popping rally reminiscent of the pandemic-era meme stock craze.Most Read from BloombergCharles Koch-Tied Group Seeks to Block Trump From GOP NominationUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsAsia’s Richest Families Fuel Race for Lucrative Finance JobsSingapore PM to Address Political Scandals in ParliamentMyanmar Junta Pardo
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min )
(Bloomberg) -- Uber Technologies Inc. reported better-than-expected net income, boosted by record ridership volumes, offering evidence the ride-hailing giant is officially moving beyond its cash-burning startup past and making progress on its profitability goals. Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationMyanmar Junta Pardons Aung S
( 32
min )
The crypto-enthusiast suggested that young and risk-tolerant investors buy Alibaba stock, silver, ether, and bitcoin.
( 32
min )
High earners could see a significant tax increase under a Democratic proposal to bolster Social Security and Medicare. A financial advisor can help you respond to potential changes to tax laws and regulations. Find a fiduciary advisor today. The proposed legislation – called the "Medicare and Social Security Fair Share Act" – would require taxpayers […] The post Are You a High Earner? You Could Pay a Lot More in Taxes Under This Proposed Law appeared first on SmartReads by SmartAsset.
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U.S. District Judge Rakoff rejected a previous judge’s distinction between institutional sales and sales to retail investors on crypto exchanges, the report noted.
( 31
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It’s been clear for a while now that the stock market is on an upward trajectory, buoyed by a resilient economy and retreating high inflation. The good news, according to John Stoltzfus, Chief Investment Strategist at Oppenheimer, is that the chances of the bull market continuing are more likely than the bears grabbing hold of the narrative once again. “Our appraisal of the market landscape at this time suggests that opportunity outweighs risk as current monetary policy generates a transition fr
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min )
Goldman Sachs upgraded, Rivian downgraded: Wall Street's top analyst calls
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Signs of a softening demand in the quarters ahead have hurt airline shares this earnings season.
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min )
The ride-hailing company posts its first-ever quarterly operating profit and gives better-than-expected third-quarter guidance.
( 26
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Chinese electric-vehicle makers Li Auto, XPeng, and NIO deliver a combined 65,604 vehicles in July. That's a record and up more than 100% from last year.
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"We made a change in our U.S. distribution center that added capacity to support higher revenue in fiscal Q4 and beyond," Rockwell's chief executive Blake Moret said. The company said on a post-earnings call it had missed about a week of planned shipments in May due to a longer-than-expected changeover to a new third-party logistics supplier at its North American distribution center.
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Signs of a softening demand in the quarters ahead have hurt airline shares this earnings season.
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Shares of Tupperware soared more than 20% ahead of the opening bell, continuing a meteoric rally that has more than quadrupled the value of the stock since the start of July.
The gains are reminiscent of the meme stock mania that swept markets in recent years, when a speculative frenzy sent shares
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ZoomInfo shares are down sharply after the database information provider trimmed its full-year financial forecast.
( 26
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The company is rolling out 19 products or new uses within 18 months, CEO Albert Bourla said.
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The maker of Malboro cigarettes saw revenue hit by lower cigarette volumes. Price hikes helped offset that.
( 26
min )
The bar was high after Royal Caribbean's blowout numbers last week.
( 26
min )
The ride-hailing company posts its first-ever quarterly operating profit and gives better-than-expected third-quarter guidance.
( 26
min )
Altria, which has been raising prices to counter the defection of consumers to cheaper brands in the face of persistent inflation, has banked on demand for its premium offerings from the Marlboro brand of cigarettes, which it markets and sells in the U.S. Altria, like peer Philip Morris, also benefited from strong demand for spitless nicotine pouches, which are an alternative to traditional moist chewing tobacco.
( 31
min )
Norwegian Cruise Line Holdings forecast third-quarter profit below estimates on Tuesday, as higher fuel costs reverse its gains from pent-up demand for cruise bookings and raised ticket prices. Shares of the company, which appointed a new CEO in March, were down 7.2% in premarket trading. Cruise operators have been wrestling with elevated costs associated with food, raw materials, fuel, a stronger U.S. dollar and labor due to the pandemic that were exacerbated by the Russia-Ukraine war.
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Revenue was lifted by higher sales across all three of its major segments.
( 25
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Pfizer Inc on Tuesday fell short of Wall Street estimates for quarterly revenue, hit by declining sales of its COVID-19 products. Total revenue for the second quarter at $12.73 billion missing analysts' estimates of $13.27 billion, according to Refinitiv data.
( 30
min )
Chinese electric-vehicle makers Li Auto, XPeng, and NIO deliver a combined 65,604 vehicles in July. That's a record and up more than 100% from last year.
( 26
min )
Three compelling reports show just how damaging RTO mandates are turning out to be.
( 33
min )
The reality is you may lose your ability to negotiate when you put all cards on the table.
( 32
min )
(Bloomberg) -- Shares in Asia rose Tuesday following bullish trade on Wall Street as investors parsed further signs of stability in the global economy.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsLots of US Homeowners Want to Move. They Just Have Nowhere to GoCharles Koch-Tied Group Seeks to Block Trump From GOP NominationA 5% US Mortgage Rate Is Seen as Tipping Point to Unlock SupplyEquities i
( 34
min )
(Bloomberg) -- The S&P 500 received its most bullish outlook yet from Oppenheimer Asset Management, which sees further upside for stocks as the Federal Reserve nears a pivot and the US economy stays resilient.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationLots of US Homeowners Want to Move. They Just Have Nowhere to GoA 5% US Mortgag
( 31
min )
Arista Networks soars after issuing revenue guidance above forecasts, while ZoomInfo tumbles after cutting its outlook. Earnings are expected Tuesday from Merck, Pfizer, Caterpillar, Uber, and Advanced Micro Devices.
( 27
min )
The energy giant raised its dividend by 10% and announced a new $1.5 billion share buyback program.
( 27
min )
(Bloomberg) -- BP Plc raised its dividend by 10% and said it would buy back another $1.5 billion of shares, even as its second-quarter profit fell by more than expected amid weaker oil and gas prices. Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsCharles Koch-Tied Group Seeks to Block Trump From GOP NominationLots of US Homeowners Want to Move. They Just Have Nowhere to GoA 5% US Mortgage Rate I
( 8
min )
French tech company Atos said on Tuesday that it was in talks to sell its Tech Foundations unit to Czech billionaire Daniel Kretinsky's EP Equity Investment (EPEI). Atos said this sale would result in a positive net cash impact of 100 million euros ($109.9 million), and the transfer of 1.9 billion euros worth of on-balance sheet liabilities, resulting in an overall enterprise value of 2 billion euros. Atos will also re-name itself as Eviden, following the sale.
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The Wall Street consensus estimate is that AMD will report revenue of $5.3 billion with adjusted earnings per share of 57 cents for the June quarter.
( 26
min )
HSBC Holdings reported a 235% increase in first-half profit on Tuesday, as it benefited from rising interest rates around the world and the positive effects of its planned French unit sale.Europe's largest bank with a market value of $162 billion posted a pretax profit of $21.7 billion for the first six months this year, versus $9.2 billion a year earlier. The results were better than the $20.9 billion mean average estimate of brokers compiled by HSBC.
( 30
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CVS Health is shedding 5,000 jobs to help reduce costs as the U.S. pharmacy chain sharpens its focus on healthcare services, the Wall Street Journal reported on Monday. CVS added that the jobs affected will primarily be corporate positions, according to the report, citing a memo reviewed by WSJ. CVS did not immediately respond to a Reuters request for comment.
( 30
min )
Bitcoin and Ether traded little changed on Tuesday morning, both holding at support prices they have fluctuated around for several weeks.
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Since the end of the Second World War, the US has been the 800-pound gorilla of the world economy – the largest in monetary terms, the largest producer, the largest innovator, the largest financial market. That dominance has been challenged in the last couple of decades, with the rise of China to become the world’s second-largest economy, the expansion of Taiwan’s semiconductor chip industry to global leadership, the ingenuity of South Korean tech firms – especially in AI, and the expansion of I
( 10
min )
"Lower inflation and stronger economy and good guidance and good profits, what's to stop this market now?"
( 7
min )
One debt limit fight just ended at the beginning of June and another budget fight is likely on the way. That, along with a few other macroeconomic factors, was enough for Fitch to downgrade the country's credit rating to AA+.
( 17
min )
The S&P 500 finished 0.3% lower on Tuesday, Aug. 1, 2023, as weaker-than-expected earnings from pharmaceutical companies weighed on the broader index.
( 17
min )
See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.
( 18
min )
The price-weighted index rode gains from Caterpillar to move higher by 0.2%, or roughly 70 points, despite more than two-thirds of the index’s stocks falling.
( 17
min )
Ford Motor Company said the plant that produces its popular electric F-150 Lightning pickup is back in operation, and ready to meet rising demand.
( 16
min )
The savings account at Apple Bank offers competitive rates, but are they competitive enough? We reviewed Apple Bank so you can decide if the bank is right for you.
( 21
min )
The gross domestic product, a broad measure of the country’s entire economic output, is on track to surge ahead to a 3.9% annual growth rate in the third quarter, for now.
( 17
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Norwegian Cruise Line shares plummeted as the cruise line operator’s outlook for the key third quarter missed estimates on higher costs.
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High inflation, high interest rates, and high costs of living has impacted how younger generations invest.
( 18
min )
"Guns and Butter" describes the opposing relationship between defense and social spending for a nation's government.
( 21
min )
Uber Technologies posted its first-ever quarterly operating profit, but shares slumped as revenue missed estimates.
( 18
min )
The morbidity rate, used by various insurance companies to price their premiums, is the frequency with which a disease appears in a population.
( 21
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Stockholders' equity is the remaining amount of assets available to shareholders after paying liabilities. Learn how to calculate stockholders’ equity.
( 24
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The government limits how much money can be put into life insurance without losing tax benefits. How can you avoid this Modified Endowment Contract trap?
( 25
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U.S. homebuying by foreigners for the year ending in March was the lowest since 2009, the National Association of Realtors (NAR) found.
( 18
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Term life insurance guarantees payment of a death benefit if the person insured passes away within a certain number of years. Learn how it works and alternatives.
( 25
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Permian Resources, Civitas Resources, and Northern Oil & Gas led sector performance over the past year
( 21
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A student loan consolidation can save you money on your student loans, but there are some pros and cons to consider.
( 25
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Job seekers, who have enjoyed plentiful options in recent years, saw their choices diminish somewhat in June as the number of job openings ticked down to their lowest since April 2021.
( 17
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A direct consolidation loan is a type of direct loan that combines two or more federal education loans into a single loan.
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These are the top 25 most heavily weighted stocks in the Standard & Poor's 500 Index.
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The National Highway Traffic Safety Administration (NHTSA) has initiated a probe into Tesla's 2023 editions of Models 3 and Y.
( 18
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Falling refinery margins slice Marathon Petroleum's quarterly earnings, but profit and revenue still surpass expectations as oil, gas prices again head higher.
( 18
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U.S. equities fell at midday on Aug. 1, 2023, as optimism about corporate earnings faded following the release of the latest batch of reports.
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A paper trade is the practice of simulated trading so that investors can practice buying and selling securities without the involvement of real money.
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Understand how to compare the yields of different bonds, and how to equalize and compare fixed-income investments with different yield conventions.
( 21
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Merck reported better-than-expected results and raised its sales outlook on rising drug and vaccine sales.
( 16
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Drugmaker Pfizer's Q2 earnings showed mixed results. EPS beat analyst expectations but revenue declined on falling demand for its COVID products.
( 17
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BP is the latest to join the list of major energy companies that posted big profit declines because of falling oil and gas prices.
( 16
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Did you know that you might be eligible for a grant to help start or run your small business? There are many out there for the taking; you just need to know where to look.
( 27
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U.S. companies are ramping up their capital expenditures (CapEx) after years of underinvestment, according to research from Bank of America.
( 17
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Find out how to open a savings account in the U.S. if you are a foreigner. Learn about the restrictions and qualification criteria as well as about the process.
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BRY, GNK, ARI, PXD, and EGLE lead peers by forward dividend yield
( 24
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American Express is more than just a popular credit card issuer; it offers competitive savings account rates, too. Learn more about saving money with Amex.
( 20
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Footwear brand Birkenstock, known for its high-fashion array of sandals, is considering going public in September via an IPO, potentially valuing the company at more than $8 billion.
( 19
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Launched in November of last year, Amazon Clinic rolls out nationwide though its message-based consultations are still limited to 34 states.
( 18
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Saturn Oil & Gas, Vertex Energy, and YPF SA are top for value, growth, and momentum, respectively
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Personal consumption expenditures is a measure of consumer spending and includes all goods and services bought by U.S. households. Learn more about PCE and how it's used.
( 27
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A private placement is a sale of stock shares to pre-selected investors and institutions rather than on the open market.
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Passagiersvliegtuigen stijgen en landen weer vaker op Nederlandse luchthavens en ze zitten ook voller. In het tweede kwartaal van dit jaar ging het om bijna negentien miljoen passagiers. Dat zijn er 9,3 procent meer dan vorig jaar.
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Amazon heeft dinsdag zijn eerste Nederlandse distributiecentrum in Almelo geopend. De locatie moet tot 25.000 pakketten per dag kunnen verwerken, waardoor het webwinkelconcern meteen kans ziet meer producten in zijn assortiment op te nemen.
( 3
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Tankstations in Italië moeten vanaf dinsdag verplicht de gemiddelde prijzen van benzine en diesel tonen. Italië wil zo voorkomen dat pomphouders sjoemelen met de prijzen.
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In de eerste helft van dit jaar is er al een recordaantal nieuwe motoren verkocht in Nederland. Vooral onder jongeren wordt de motor steeds populairder.
( 3
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Een telefoon wordt warmer als hij aan de laadkabel hangt, omdat er elektriciteit in stroomt. De accu wordt dan aan het werk gezet. Maar hoe warm hij wordt, ligt ook aan de kabel. Moet je je daar zorgen over maken?
( 3
min )
Ondanks de hoge inflatie werden er van april tot en met juni wereldwijd een recordaantal ritten geboekt bij Uber. Dat zegt het taxibedrijf dinsdag bij de presentatie van de cijfers.
( 3
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Dit jaar zijn tot nu toe ruim 229.000 nieuwe personenauto's geregistreerd. Dat zijn er 30,6 procent meer dan een jaar eerder. Vorige maand gingen bijna 29.000 nieuwe auto's de weg op, bijna een derde meer dan in juli 2022.
( 3
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De FBI heeft naar eigen zeggen onbewust commerciële spionagesoftware ingezet om mensen te volgen. Daar kwam de dienst achter nadat The New York Times eerder dit jaar bewijs vond dat de Amerikaanse regering zich daar schuldig aan heeft gemaakt.
( 3
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Net als bij Shell en Total zakken dit jaar ook bij olie- en gasproducent BP de winsten hard terug. De nettowinst van BP was in het tweede kwartaal ruim drie keer zo laag als in dezelfde periode vorig jaar.
( 3
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Meta is van plan een reeks AI-chatbots naar zijn diensten te brengen. Het Facebook-moederbedrijf is van plan de chatbots van verschillende persoonlijkheden te voorzien. Ze verschijnen mogelijk al volgende maand, zeggen bronnen tegen de Financial Times.
( 3
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Voor negen producten moeten klanten van supermarktketen Penny Market deze week de "werkelijke prijs" betalen. De Duitse discounter berekent de kosten van milieuschade door, waardoor een bol mozzarella bijna twee keer zo duur is.
( 3
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De Japanse autoproducent Toyota produceerde en verkocht in het tweede kwartaal meer auto's dan ooit. Dat kon doordat de chiptekorten achter de rug zijn. Ook werkt mee dat de Japanse yen goedkoop is voor consumenten buiten Japan.
( 3
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Maaltijdbezorger Thuisbezorgd brengt naast pizza's en burgers nu ook shampoo, zeep en andere verzorgingsmiddelen rond. Daarvoor gaat het bedrijf een samenwerking aan met Lush.
( 3
min )
Werknemers hebben nauwelijks iets te vrezen als zij openlijk aangeven dat ze op zoek zijn naar een andere baan. Veel bedrijven hebben namelijk grote moeite om mensen aan te trekken en te behouden vanwege het personeelstekort. En dat zorgt voor andere verhoudingen op de arbeidsmarkt.
( 5
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A new lawsuit accuses Taco Bell of falsely advertising its Mexican pizzas and crunch wraps and showing the menu items as being fuller than real life.
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Both CDs and high-yield savings accounts are paying record rates right now, with dozens of options that earn 5.00% or more. Find out how to choose what's best for you.
( 20
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SoFi is reaching an affluent client base. Customers opening new direct-deposit accounts in the second quarter had a median FICO score of 747
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See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.
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Even as some of the original meme stocks lose momentum, Tupperware is the newest member of the group with shares rising about 450% in just a month.
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ZoomInfo shares are down sharply after the database information provider trimmed its full-year financial forecast.
( 26
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The company is seeking new sources of revenue because patent expirations are expected to hit seven of its key products by the end of the decade.
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(Bloomberg) -- AT&T Inc.’s human resources chief, Angela Santone, will leave the company at the end of September, just as the telecommunications giant is eliminating thousands of jobs as part of a newly expanded $8 billion cost-reduction program.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsStock Traders Refrain From Big Bets After
( 8
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The Buffett Indicator spiking is a "very strong warning signal," and buying stocks when it's around 200% is "playing with fire," Buffett has said.
( 6
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A brightly flashing “X” sign has been removed from the San Francisco headquarters of the company formerly known as Twitter just days after it was installed. The San Francisco Department of Building Inspection said Monday it received 24 complaints about the unpermitted structure over the weekend, including concerns about its structural safety and illumination. The Elon Musk-owned company, which has been rebranded as X, had removed the Twitter sign and iconic blue bird logo from the building last week.
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Disney shares gained as the entertainment giant reportedly brought back two former execs to advise CEO Bob Iger.
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PNC closed 173 branches in the first half of 2023, capped by 46 in June.
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Johnson & Johnson shares dropped after a judge ruled against its plan to resolve talcum powder-related lawsuits.
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(Bloomberg) -- For stock-picking hedge funds coping with 2023’s loopy markets, risks are starting to outweigh the rewards.Most Read from BloombergAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsLots of US Homeowners Want to Move. They Just Have Nowhere to GoCharles Koch-Tied Group Seeks to Block Trump From GOP NominationA 5% US Mortgage Rate Is Seen as Tipping Point to Unlock SupplyPro managers who make both bullish and
( 33
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A fresh wave of investors is veering away from the tried-and-true stocks and bonds, opting to venture into alternative assets. Gen Z and wealthy young investors are increasingly drawn to alternative investments rather than conventional choices. Based on a survey conducted by Lansons, it was found that less than 10% of the entire American population has invested in alternative assets. However, among the younger generations, there is a more significant interest in alternative investments, with 30%
( 31
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Mass layoffs and plans to file for bankruptcy haven't scared off a Boston-based hedge fund that now owns a 25% stake in Yellow.
( 11
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(Bloomberg) -- Walt Disney Co. hired Kevin Mayer and Tom Staggs, two executives once in the running to replace Bob Iger as chief executive officer, to help it evaluate strategic partners for its ESPN sports networks.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy Chips‘FOMO Rally’ Hits a Wall as Stock Fatigue Kicks In: Markets WrapWhy Chin
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The Hawkeye State was No.1 on a Bankrate list of best places to retire, with Missouri and Nebraska among the top 10.
( 31
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Frank Siragusa was not happy that the Mexican Pizza he paid $5.49 for at a Taco Bell in New York City last September appeared to contain only half as much beef and bean filling as the photo in the chain's advertising. In a proposed class action filed on Monday in Brooklyn federal court, Siragusa accused Taco Bell of deceiving consumers by falsely advertising its Mexican Pizza, Veggie Mexican Pizza, Crunchwrap Supreme, Grande Crunchwrap and Vegan Crunchwrap as containing "at least double" their actual content.
( 30
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The fairness of the U.S. tax system has long been debated. President Joe Biden recently tweeted, "It's about time the super-wealthy start paying their fair share." The message caught the attention of Tesla Inc. CEO and Twitter Inc. owner Elon Musk. "Please give him the password, so he can do his own tweets," Musk replied, implying that the tweet wasn't written by the commander in chief himself. But the billionaire business tycoon actually agrees with Biden's view. "In all seriousness, I agree th
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Mortgage rates climbed again, taking the 30-year and other rate averages to their highest levels in more than two weeks, and the jumbo 30-year average to a 14-year high.
( 21
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"The Enigma" is 555 carats and was sold by Sotheby's to Richard Heart in February 2022.
( 30
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(Bloomberg) -- The creator of crypto token Hex illegally used millions of dollars of investor funds to buy a 555-carat black diamond known as “The Enigma,” according to the US Securities and Exchange Commission.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsUS, Europe Are Growing Alarmed by China’s Rush Into Legacy ChipsWhy China’s Miracle Growth Story May Be Coming to an EndWall Street Holds Bac
( 31
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The latest word from the big cloud-computing vendors about their plans for AI spending has made Bernstein more upbeat about the chipmaker's prospects.
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Investing.com -- Stocks were muted on Monday as a deluge of megacap earnings started to hit this week, and as investors await this week's jobs report for July.
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Shares of SoFi Technologies skyrocketed as the online bank posted better-than-expected results on strong loan demand and deposits.
( 18
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Foxconn in Wisconsin is making microinverters for Enphase Energy that convert power from solar panels into electricity.
( 10
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We have just been through a period of abundant stock market gains, but that is no coincidence, according to one legendary stock picker. Ken Fisher calls the last 9 months the “midterm miracle.” That is, history has shown that the 9 months starting October of a midterm election year turn out to be the most consistently profitable period in the stock market in all stock market history. With the huge strides made since October 1 last year, this scenario has played out in a “picture perfect” way. Bu
( 10
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Cash-strapped, with $1.3 billion in debt due next year, trucking company Yellow is shuttering operations amid a union standoff.
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Just this past April, the company warned of liquidity problems, saying there was “substantial doubt about its ability to continue as a going concern.”
( 31
min )
Jefferies analyst Philippe Houchois downgraded Ford stock to Hold from Buy. His price target went to $15 a share from $17.
( 26
min )
(Bloomberg) -- Morgan Stanley’s Michael Wilson, one of the few Wall Street strategists to see last year’s equities rout coming, has been among the market’s leading pessimists throughout 2023. But on Monday, after months of soaring stocks, he changed his tone and now sees the rally running further. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on Bo
( 8
min )
Shares of ON Semiconductor rose early Monday, leading the the S&P 500's advancers and supporting an index of chip stocks in morning trading.
ON's stock was recently up roughly 2.5%. The Scottsdale, Ariz.-based company, which makes intelligent sensing and power services, said it is targeting third-q
( 21
min )
The entrepreneur's divisive rebrand of Twitter has already wiped billions off its value, and now the very symbol of the company is deemed a potential hazard for public safety.
( 32
min )
Adobe upgraded, Salesforce downgraded: Wall Street's top analyst calls
( 9
min )
(Bloomberg) -- SoFi Technologies Inc. shares rose the most in almost a year after the online bank raised its revenue guidance, citing benefits from deposit growth and lower funding costs on loans.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardChina Stops Short of Direct Consumer Support to Spur EconomyStocks Waver as Risk Appetite Cools; Yen
( 7
min )
The trucking company, once one of the U.S.' largest, will cease operations amid battle with union and struggles to pay debts.
( 6
min )
The logistics company J.B. Hunt Transport Services is ordering 13 trucks from the EV start-up. Investors are pleased.
( 26
min )
Social Security benefits can provide you with a stream of retirement income that is reliable. Deciding when to take benefits is an important question, especially if you're married and hope to qualify for spousal benefits. If you're already taking Social … Continue reading → The post Rules for Switching Social Security Benefits appeared first on SmartAsset Blog.
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Trucking company Yellow Corp. has shut down operations and is headed for a bankruptcy filing, according to the Teamsters Union and multiple media reports. After years of financial struggles, reports of Yellow preparing for bankruptcy emerged last week — as the Nashville, Tennessee-based trucker saw customers leave in large numbers. Yellow shut down operations on Sunday, according to the Wall Street Journal, following the layoffs of hundreds of nonunion employees on Friday.
( 10
min )
Higher-income households are more likely to overestimate their retirement readiness, according to a new analysis from the Center for Retirement Research at Boston College. The findings underscore the importance of proper retirement planning, even for the wealthy. While 28% of … Continue reading → The post Attention High Earners: You're Not Taking Retirement Seriously Enough appeared first on SmartAsset Blog.
( 8
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The rising adoption of electric vehicles has been a boon for chipmakers like Onsemi and NXP Semiconductors. Onsemi said in May it was considering investing over $2 billion to boost the production of silicon carbide chips used to extend the range of EVs. "Our brownfield capacity expansion is creating an opportunity for Onsemi to gain share in silicon carbide by capitalizing on the rapidly accelerating demand for electrification and renewable energy," Onsemi's CEO Hassane El-Khoury said in a statement.
( 7
min )
CrowdStreet raised $4 billion by promising big returns to small investors, but many deals were disappointing.
( 27
min )
Analysts are bullish on software company MicroStrategy (MSTR), which reports earnings for the second quarter after the market close on Tuesday, and it’s all thanks to the many bitcoin (BTC) it holds.
( 7
min )
Oppenheimer analyst Christopher Glynn bumped shares of General Electric to the equivalent of Hold from Buy.
( 26
min )
“Let’s go to court and find out what the court says.”
( 8
min )
Jefferies analyst Philippe Houchois downgraded Ford stock to Hold from Buy. His price target went to $15 a share from $17.
( 26
min )
Crude prices are on track for their biggest one-month advance since January last year, as traders brace for cuts by Saudi Arabia and Russia to tighten supplies.
Brent crude futures, the global oil benchmark, have risen 13% in July to about $85 a barrel. The rally has snapped oil out of a monthslong
( 22
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Oil prices will stall this year as weak economic growth is expected to curb demand and offset the impact of OPEC+ production cuts on supply, a Reuters poll showed on Monday. U.S. crude was seen averaging $77.20 a barrel in 2023, down from the previous month's $78.38 forecast, and $78.25 in 2024. "We expect the impact of high interest rate levels to start curbing economic growth more strongly over H2 2023," data and analytics firm Kpler said, maintaining "a comparatively bearish view on the market".
( 7
min )
Wedbush's Daniel Ives suggests looking past iPhone sales and backing Apple stock on a likely acceleration in services revenue in 2024.
( 26
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Throughout the Federal Reserve's drive to kill inflation, policymakers have focused on raising the benchmark overnight interest rate high enough to do the job and getting it there fast enough to keep the public from losing faith. The Fed last week raised its policy rate to the 5.25%-5.50% range, the 11th increase in the last 12 meetings.
( 9
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The regulator reportedly wanted Coinbase to cease trading all cryptocurrencies except Bitcoin prior to its legal action against the exchange.
( 7
min )
Amazon investors are looking for updates on the tech giant's cloud business, ad revenue growth and signals on consumer health heading into the holidays as inflation continues to impact spending for corporations and consumers. Investors want to know how Amazon Web Services (AWS), the company's cloud provider, stands up against Microsoft and Google's, which both on Tuesday reported slowed growth in their cloud businesses in the quarter ending in June 30. Amazon previously said it is seeing a decrease in growth in AWS as business clients reallocated their spending to reduce costs.
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Today's business landscape requires totally different set of skills, Andrew Liveris writes in his new book.
( 7
min )
(Bloomberg) -- The US Treasury is set this week to begin a ramp-up in issuance of longer-dated securities that’s likely to stretch into next year, forced by a rapidly deteriorating budget deficit and soaring interest rates.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardChina Stops Short of Direct Consumer Support to Spur EconomyArab States S
( 9
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Whether in their sixth decade or their third, these are some of the most powerful private equity investors in the U.S. And they have $1.5 trillion to invest.
( 19
min )
(Bloomberg) -- Adobe Inc.’s blistering rally has further to go, according to Morgan Stanley analyst Keith Weiss, who sees the creative software maker’s shares adding a further 25% over the next year.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoAsia’s Richest Families Fuel Race for Lucrative Finance JobsBurning Ship’s Operator Says Almost 500 EVs Are on BoardChina Stops Short of Direct Consumer Support to Spur EconomyArab States Sour on Israel in Blow to
( 7
min )
SoFi Technologies is scheduled to post earnings on Monday, while reports from Apple and Amazon are set for later in the week. Walmart, meanwhile, boosts its stake in India's Flipkart, according to The Wall Street Journal.
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↗️ Palantir (PLTR): The data-mining company's shares gained roughly 5% ahead of the opening bell. The stock surged 10% Friday, boosted by an analyst note that said it was poised to be a major player in the artificial-intelligence revolution.
↘️ [**
( 22
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(Bloomberg) -- European stocks edged lower as the weakest corporate earnings season since 2020 outweighed optimism that interest rates were potentially peaking. Heineken NV slumped after the brewer cut earnings forecast as its price increases drove consumers away from its brands.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardAsia’s Richest Families Fuel Race for Lucrative Finance JobsArab States Sour
( 32
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Live coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
( 21
min )
(Bloomberg) -- Equities in Asia rose Monday following a rally on Wall Street as investors embraced fresh signs that inflation is easing further. Chinese stock gauges led gains on expectations of more government stimulus. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesAsia’s Richest Families Fuel Race for Lucrative Finance JobsArab States Sou
( 33
min )
The Swiss National Bank on Monday posted a second quarter loss of 13.20 billion Swiss francs ($15.14 billion) as interest rate hikes by other central banks dented the value of its massive bond holdings. The SNB lost 8.08 billion francs on its foreign currency positions of 742 billion francs as bond prices fell as investors feared more interest rate hikes by the U.S. Federal Reserve, European Central Bank and others. The Swiss central bank also lost 3.14 billion francs on its gold holdings in the three months to the end of June, as lower prices cut the value of the 1,040 tonnes of the precious metal it holds.
( 31
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“This is our desire to simply get ahead of the production curve,” said Boeing CEO David Calhoun, despite there being “no breaks on the regulatory side.”
( 10
min )
For all the excitement whipped up in China's markets by the Politburo last week, foreign investors say policymakers' words will have to be matched by substantive action to clean up an ailing property sector before confidence recovers. The sector accounts for a quarter of China's economy, yet developers' debts are sliding deeper into distressed territory, with repayment problems mounting while sales crumble. When the Politburo signalled that there would be changes to real estate policy, along with other measures to boost an economy, it ignited the biggest one-day buying spree in China's stock markets since 2021.
( 32
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The cash piles households built up during the lockdowns and government stimulus of 2020-2021 have long been touted by analysts and central bankers as a reason economies could avoid a deep recession. U.S. excess savings have fallen to around $500 billion from around $2.1 trillion in August 2021, the San Francisco Federal Reserve estimates. In Europe, Deutsche Bank reckons excess savings in Sweden, struggling to contain a property slump, have dwindled.
( 33
min )
The S&P 500 could end the year near its all-time high, given strong market sentiment and the current economic landscape, according to DataTrek.
( 26
min )
The stock has doubled this year, and the fintech's second-quarter earnings report may indicate whether that wild run was warranted.
( 26
min )
(Bloomberg) -- The world’s biggest shipping companies are plowing their pandemic windfalls into orders for new vessels on an unprecedented scale, making an industry known for hair-raising cycles of boom and bust more vulnerable in the latest downturn.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardAsia’s Richest Families Fuel Race for Lucrative Finance JobsBodegas Put on Notice as Visa Fights Back on
( 34
min )
Sentiment also has been boosted by revived hopes for more stimulus from Beijing for the sluggish Chinese economy. Chinese factory activity contracted in July as export orders shrank, a survey showed, adding to pressure on the ruling Communist Party to reverse an economic slowdown.
( 7
min )
The U.S. Securities and Exchange Commission (SEC) had asked Coinbase to stop trading in all cryptocurrencies other than bitcoin prior to suing cryptocurrency platform in June, the Financial Times reported on Monday, citing Chief Executive Brian Armstrong.
( 6
min )
(Bloomberg) -- Walmart Inc. paid $1.4 billion to buy Tiger Global Management’s remaining stake in Flipkart, boosting its bet on the Indian retailer and helping the money manager provide distributions to investors at a time when accessing liquidity is tough.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesItaly Must Exit China Pact While Avoidi
( 7
min )
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Discover three exchange-traded funds (ETFs) that investors seeking to emulate the investment strategies of Warren Buffett may wish to consider.
( 19
min )
(Bloomberg) -- Chinese stocks rose from Monday’s open, extending last week’s gains, on increasing signs Beijing is determined to shore up growth with measures supporting weaker parts of the economy. Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesItaly Must Exit China Pact While Avoiding Crisis, Minister SaysVanguard’s Economists Aren’t Buyin
( 30
min )
(Bloomberg) -- Production has plummeted at Australia’s first lithium hydroxide refinery, operated by Tianqi Lithium Corp., extending a run of setbacks in the country’s attempt to move into battery metal refining.Most Read from BloombergLots of US Homeowners Want to Move. They Just Have Nowhere to GoBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesItaly Must Exit China Pact While Avoiding Crisis, Minister SaysVanguard’s Economists
( 7
min )
Signs of deflation are becoming more prevalent across China, heaping extra pressure on Beijing to reignite growth or risk falling into an economic trap it could find hard to escape.
( 26
min )
“What lies ahead for the stock market?” That’s the burning question on the minds of every market and economic expert out there, and it’s undoubtedly a challenging one. Inflation has moderated to a reasonable 3% annually, and the job market is showing signs of strength. Stocks are surging, indicating that investors have factored in the risk of a potential recession. However, this leads to a problem highlighted by B. Riley’s chief investment strategist, Paul Dietrich. He points out that earnings e
( 10
min )
The EV market has become extremely competitive in 2023, and while some of the smaller players are getting crushed, smart investors are betting on highly profitable niches such as electric boats
( 18
min )
(Bloomberg) -- Investors on Wall Street and beyond are betting that the great tech rally of 2023 has staying power, even as they appear skeptical that the artificial-intelligence era will live up to the hype. Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardLots of US Homeowners Want to Move. They Just Have Nowhere to GoBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bon
( 9
min )
(Bloomberg) -- In a turnaround that’s already taken it from one of the world’s biggest gold buyers to a top seller this year, Kazakhstan’s central bank is looking to cut the metal’s share to as low as half of its $34.5 billion reserves.Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardLots of US Homeowners Want to Move. They Just Have Nowhere to GoBodegas Put on Notice as Visa Fights Back on Card Surcharg
( 33
min )
Both CDs and high-yield savings accounts are paying record rates right now, with dozens of options that earn 5.00% or more. Find out how to choose what's best for you.
( 19
min )
Amazon shares gained after reporting delivery times to its Prime members in the second quarter were the fastest ever.
( 16
min )
See what today's best CD rates are in every term and how they compare to the previous day's top rates. We track daily CD rates from more than 200 banks and credit unions.
( 20
min )
The S&P 500 was little changed to start the week on Monday, July 31, 2023, edging 0.2% higher as oil stocks gained on the back of higher oil prices.
( 18
min )
U.S. consumers ramped up their spending on material goods during the pandemic and haven’t looked back, and economists are wondering just how long the shopping spree will last.
( 17
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Even as some of the original meme stocks lose momentum, Tupperware is the newest member of the group with shares rising about 450% in just a month.
( 19
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The Dow closed July with a gain of 3%, moving up 100 points, or 0.28% on the session, as investors watch earnings and prepare for Friday’s job report.
( 18
min )
Disney shares gained as the entertainment giant reportedly brought back two former execs to advise CEO Bob Iger.
( 16
min )
Johnson & Johnson shares dropped after a judge ruled against its plan to resolve talcum powder-related lawsuits.
( 17
min )
One in five homeowners have mortgage rates greater than 5% and are twice as likely to sell their homes, compared to the vast majority of homeowners with lower rates who feel locked in, a new Zillow survey found.
( 18
min )
Cash flow is the net cash and cash equivalents that move in and out of a company's financial statement.
( 26
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Despite current challenges in the U.S. economy, approximately 75% of mid-sized business owners plan to expand their businesses over the next 12 months.
( 17
min )
Find out how Americans in their 20s can benefit from a well-thought-out life insurance policy, especially if they are able to build cash value.
( 26
min )
Personal loan rates moved up sharply this week to 20.86%, jumping 31 basis points since last week when the average personal loan rate sat at 20.55%.
( 18
min )
Find out the pros and cons of borrowing against your life insurance policy to determine if this loan type is the right financial decision for you.
( 22
min )
Crude oil inventories at the Cushing, Oklahoma, hub fell by 2.9 million barrels in the week ended July 14, the steepest drawdown since October 2021.
( 17
min )
The first nuclear reactor built from scratch in the U.S. in decades has entered operation at a power plant in Georgia, which could present opportunities for the nuclear industry and investors.
( 18
min )
Life insurance premium financing lets high net worth individuals buy costly insurance without liquidating assets, but there are risks involved.
( 22
min )
A capital gains tax is a levy on the profit that an investor makes from the sale of an investment such as stock shares. Here's how to calculate it.
( 35
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Allocational efficiency is the efficient allocation of resources that leads to maximum overall satisfaction in the economy.
( 19
min )
Performance management helps managers monitor and evaluate employees' work and align it with the company's goals.
( 22
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A subsidiary is a company that is more than 50% owned by another company. The owner is usually referred to as the parent company or holding company.
( 25
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After the Fed's latest rate hike, which may not have been its last, we search for points of weakness and areas of continued strength in the markets with Kenny Polcari. "Irrational exuberance" makes a return as a catchphrase. Is 2023 really like 1996?
( 19
min )
Cryptocurrencies continue to gain traction with investors around the world. Explore how leading countries are regulating the emerging asset class.
( 28
min )
U.S. equities advanced at midday on Monday, July 31, 2023, heading for a winning month on strong earnings and easing inflation.
( 16
min )
A target rate is a key interest rate that a central bank targets to guide monetary policy.
( 22
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The bipartisan bill taps into the public’s overwhelming support for banning stock trading among members of Congress and top White House officials.
( 19
min )
Mortgage rates climbed again, taking the 30-year and other rate averages to their highest levels in more than two weeks, and the jumbo 30-year average to a 14-year high.
( 20
min )
The SEC's recent enforcement push seeks to protect cryptocurrency investors.
( 26
min )
The world's largest retailer by revenue, Walmart, doubled down on its India bet by increasing its stake in Flipkart, an Indian e-commerce player.
( 18
min )
Onsemi beat estimates on profit, sales, and guidance on increased demand for its automotive and industrial chips. Shares hit an all-time high on the news.
( 16
min )
Student loan borrowers facing the resumption of payments on federally-held loans in October can now apply for a new kind of repayment plan that offers lower monthly payments.
( 18
min )
Shares of SoFi Technologies skyrocketed as the online bank posted better-than-expected results on strong loan demand and deposits.
( 17
min )
Cash-strapped, with $1.3 billion in debt due next year, trucking company Yellow is shuttering operations amid a union standoff.
( 17
min )
Bond funds dominated first-half 2023 global investment flows as investors reached for rising yields, while those same higher yields caused jitters that led to outflows in other asset classes.
( 18
min )
The federal funds rate is the target interest rate set by the Fed at which commercial banks borrow and lend their extra reserves to one another overnight.
( 26
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Real gross domestic product is an inflation-adjusted measure of the value of all goods and services produced in an economy.
( 29
min )
Overlay refers to an asset management style that uses software to harmonize an investor's separately managed accounts, preventing inefficiencies and ensuring strategies are implemented and coordinated correctly.
( 19
min )
A conditional prepayment rate is an estimate of the percentage of a loan pool's principal that is likely to be paid off prematurely.
( 20
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A reservation of rights letter is provided to the insured party indicating that a claim may not be covered under the policy.
( 18
min )
How to take short positions on Chinese stocks using long and short exchange traded funds.
( 18
min )
Long-term care insurance coverage provides for the care of people over age 65 or with a chronic or disabling condition who need constant care.
( 22
min )
Free cash flow (FCF) represents the cash a company can generate after accounting for capital expenditures needed to maintain or maximize its asset base.
( 28
min )
Find out more about collateralized mortgage obligations and mortgage-backed securities and the difference between the two asset-backed securities.
( 18
min )
Voodoo economics is a popular phrase first used by then-presidential candidate George H.W. Bush to cast doubt on Ronald Reagan's economic policy proposals.
( 21
min )
Discover three exchange-traded funds (ETFs) that investors seeking to emulate the investment strategies of Warren Buffett may wish to consider.
( 19
min )
Discover how bonds are traded as investment securities and understand the various terms used in bond trading, including par value and market price.
( 22
min )
A bond's yield to maturity is the total interest it will earn, while its spot rate is the price it is worth at any given time in the bond markets. Here's why a bond's spot rate fluctuates even though its interest rate is set.
( 21
min )
Understand the differences between the Sharpe ratio and the Sortino ratio, two risk-adjusted returns on investment calculations, and when to use each one.
( 19
min )
Net operating income and operating cash flow are different metrics used in measuring the financial viability of an investment or a company.
( 18
min )
If you're going to invest in ETFs, you should know the intricacies of expense ratios.
( 21
min )
Forbearance is a form of repayment relief involving temporarily postponing loan payments, typically for home mortgages or student loans.
( 27
min )
Equity market and stock market are synonymous. They refer to the exchanges on which shares of public companies are bought and sold.
( 21
min )
When the employees you interact with at your bank, credit card company, mortgage lender, or other financial institution seem incapable of or unwilling to resolve your complaint, the Consumer Financial Protection Bureau's process may help you get a better result.
( 21
min )
QUIDS are tradable debt securities issued in small denominations with long securities and quarterly coupon payments.
( 21
min )
Advice for couples on the best ways to manage their student debt before and after they get married.
( 24
min )
Het Amerikaanse bedrijf Micromobility.com is van plan een bod uit te brengen op de fietsenfabrikant VanMoof. Het Amsterdamse bedrijf werd twee weken geleden failliet verklaard.
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min )
Het is druk bij binnenspeeltuinen en andere indoorattracties. Door het slechte weer kiezen meer mensen voor een activiteit waarbij zij niet nat worden.
( 3
min )
Het is druk bij binnenspeeltuinen en andere indoorattracties. Door het slechte weer kiezen meer mensen voor een activiteit waarbij zij niet nat worden.
( 3
min )
Pierre Cardin dreigt een forse boete te krijgen. Volgens de Europese Commissie heeft het Franse modehuis concurrentieregels geschonden door het merk alleen te verkopen aan specifieke EU-landen en klanten.
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De prijzen van onze boodschappen blijven ook de komende maanden op een hoog niveau. Consumenten gaan daardoor steeds creatiever inkopen doen. Ze kiezen vaker voor huismerken en kopen hun producten bij discounters of andere prijsvechters.
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min )
Facebook-eigenaar Meta moet gegevens van een anonieme Facebook-gebruiker overhandigen aan een man die door deze persoon beschuldigd is van grensoverschrijdend gedrag. Dat oordeelde de rechtbank Den Haag in een kort geding dat de man tegen Meta aanspande.
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Door een verkeerde afstelling heeft NASA geen contact meer met zijn ruim 45 jaar oude Voyager 2. Vanwege een foutje wijst de antenne van de ruimtesonde niet langer naar de aarde en komen gegevens niet aan.
( 4
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Volkswagen moet een schadevergoeding van 1.500 euro betalen aan een eigenaar van een tweedehands auto met sjoemelsoftware, oordeelde de rechter maandag. Het is voor het eerst dat het bedrijf moet betalen voor een tweedehands model.
( 4
min )
Heggen, eeuwenoude bomen, velden vol orchideeën en overal wandelpaden langs graanakkers en schapenweiden. In het natuurrijke landschap van Engeland wonen 434 inwoners per vierkante kilometer. Dat zijn er meer dan in Nederland. Kunnen we daar iets van leren?
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min )
Het Verenigd Koninkrijk verleent meer dan honderd nieuwe olie- en gasvergunningen aan bedrijven voor de winning van brandstoffen in de Noordzee. De Britse regering wil op die manier energieonafhankelijker worden.
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De inflatie komt deze maand uit op 4,6 procent. De prijzen stijgen gemiddeld minder hard dan in de maanden hiervoor, al is dat aan de kassa niet te merken.
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Heineken heeft in de eerste helft van 2023 minder bier verkocht. Het bedrijf verhoogde de prijzen, maar kon daarmee een lagere winst niet voorkomen.
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De omzet van supermarkten was in juni 12 procent hoger dan een jaar eerder. Ze verkochten iets minder producten, maar door de prijsstijgingen kwam er toch meer geld binnen.
( 3
min )
De inflatie komt deze maand uit op 4,6 procent. De prijzen stijgen gemiddeld minder hard dan in de maanden hiervoor, al is dat aan de kassa niet te merken.
( 4
min )
Diverse seinen voor de economie stonden de afgelopen tijd op rood. Het aantal faillissementen stijgt, bedrijven durven nauwelijks nog te lenen en ze maken steeds minder. Moeten we ons zorgen maken?
( 4
min )
Water rights pertain to the legal rights of property owners to access and use bodies of water adjacent to lands they hold.
( 19
min )
Student loan debt reached $1.77 trillion in 2023 and the Supreme Court has taken steps to prevent it from being eliminated. Here's who owes what and why.
( 26
min )
Stellar, which shares similarities with Ripple, is a low-cost, open-source, distributed ledger platform.
( 21
min )
The Dodd-Frank Wall Street Reform and Consumer Protection Act is a series of federal regulations passed to prevent future financial crises.
( 29
min )
Air cargo insurance protects a buyer or seller of goods being transported through the air from damage, loss, and, in some cases, even shipment delays.
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min )
A war exclusion clause in an insurance policy excludes coverage for acts of war, such as invasions, revolutions, military coups, and terrorism.
( 19
min )
A Pell Grant is a non-repayable federal subsidy awarded to students for post-secondary education, based on financial need.
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These companies had the most complaints about student loans reported to the Consumer Finance Protection Bureau. See which lender had the worst record.
( 27
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Read on to find out how 529 plans are eligible for use as a way to pay off a portion of your student loans.
( 25
min )
The International Monetary Fund (IMF) is an international organization that promotes global financial stability, encourages international trade, and reduces poverty.
( 25
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Most cryptocurrencies like bitcoin, XRP, and ether are traded via centralized exchanges. Here's how.
( 22
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Federal student loans can be subsidized or unsubsidized. Both types have to be paid back with interest, but the government makes some interest payments on subsidized loans.
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Driverless cars have piqued human interest for centuries. A true driverless car, however, has remained elusive until recently.
( 25
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Difference in conditions insurance provides expanded coverage for some perils that are not covered by standard insurance policies.
( 18
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There are many reasons why it's important to have the right amount of life insurance. Don't let these simple errors leave you unprotected.
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Term life insurance and universal life insurance have different term lengths and costs to consider. Universal also has a cash value component, which term life does not.
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Reproduction cost refers to the costs involved with reproducing an asset or property with same specifications as insured property based on current prices.
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A cedent is a party in an insurance contract who passes the financial obligation for certain potential losses to the insurer.
( 19
min )
An inverse head and shoulders, also called a head and shoulders bottom, is inverted with the head and shoulders top used to predict reversals in downtrends.
( 22
min )
Morgan Stanley raised is global market forecast for weight-loss drugs sales by 43% to $77 billion annually by 2030—or almost $10 a year for every person on Earth.
( 18
min )
Kim Kardashian's Skims is now worth $4 billion. Kardashian owns a 35% stake in the shapewear brand, making up most of the reality star's $1.7 billion net worth.
( 21
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Most states require drivers to carry a certain amount of auto insurance and to be able to prove it if they’re pulled over by police or in an accident.
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Cost-sharing reductions are a type of federal subsidy distributed as discounts that help reduce out-of-pocket costs for health care expenses.
( 21
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A first-time homebuyer may qualify for special benefits and even tax breaks. And the definition of a first-time homebuyer may surprise you.
( 25
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One other note, you can find me on TechCrunch's Equity podcast, a place where I will show up on a semi-regular basis, including this episode that came out Friday! The announcement runs contrary to what newly appointed CEO David Risher has told reporter Rebecca Bellan in past interviews. Risher, who is known as a big supporter of ebikes, did say the company planned to focus on its core ride-hailing business and become profitable, but it didn't seem like the two-wheeled share service was on the chopping block.
( 10
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(Bloomberg) -- Walmart Inc. paid $1.4 billion to buy Tiger Global’s stake in Flipkart, the Wall Street Journal reported, citing a letter by the New York hedge fund to investors.Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardLots of US Homeowners Want to Move. They Just Have Nowhere to GoBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Si
( 31
min )
(Bloomberg) -- Walmart Inc. paid $1.4 billion to buy Tiger Global’s stake in Flipkart, the Wall Street Journal reported, citing a letter by the New York hedge fund to investors.Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardLots of US Homeowners Want to Move. They Just Have Nowhere to GoBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Si
( 7
min )
Walmart has paid $1.4 billion to buy out a large investor in Flipkart, further cementing its control of the Indian e-commerce giant, the Wall Street Journal reported on Sunday.
( 30
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Commercial real estate investors and lenders are slowly confronting an ugly question - if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar? Rising interest rates, stubborn inflation and squally economic conditions are familiar foes to seasoned commercial property buyers, who typically ride out storms waiting for rental demand to rally and the cost of borrowing to fall. With remote working now routine for many office-based firms and consumers habitually shopping online, cities like London, Los Angeles and New York are bloated with buildings local populations no longer want or need.
( 32
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BTC hovered comfortably over $29,300 for much of the weekend but dropped in the hours after Curve Finance tweeted that it had suffered an exploit.
( 31
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Cash-strapped U.S. trucking company Yellow Corp has ceased operations and is filing for bankruptcy after failing to reorganize and refinance over a billion dollars in debt, the Teamsters Union said on Sunday. Yellow, formerly called YRC Worldwide, did not immediately respond to a Reuters request for comment. Earlier this month Yellow averted a threatened strike by 22,000 Teamsters-represented workers and last week it said it was exploring opportunities to divest its third-party logistics company.
( 6
min )
(Bloomberg) -- Chinese firms are lining up to invest in South Korea’s battery industry because they want to use it as a gateway to the US market, undermining the Biden administration’s efforts to limit China’s involvement in the electric car supply chain. Most Read from BloombergStocks Are Doing So Well That It May Be Time to Start WorryingBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sen
( 8
min )
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Driverless cars have piqued human interest for centuries. A true driverless car, however, has remained elusive until recently.
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Michael Gibson, who worked for Thiel for five years, made the claim in his book "Paper Belt on Fire: The Fight for Progress in an Age of Ashes."
( 7
min )
MI5 investigated an attempted Chinese takeover of the British satellite company OneWeb before Boris Johnson’s government rescued the company with £400m in taxpayer money, documents have revealed.
( 32
min )
Stock markets have long moved to their own drummer, responding to forces that are sometimes quite different than what we expect. For investors, the key to success is to figure out just what force – or combination of forces – is going to impact the markets next. In a recent report from the UK-based Chatham House think tank, economy and finance program director Creon Butler points to climate change as the next market game-changer. In fact, Butler sees climate issues causing a sharp market correcti
( 10
min )
How would you handle early retirement? Instead of having years of investment and growth left, what if you had to start living on your retirement accounts tomorrow? More importantly, what if you had no choice in the matter? A financial advisor can help you prepare for life’s curveballs, including forced retirement. Find a fiduciary advisor […] The post Study Says 40% of Workers Forced Into Early Retirement: Here’s How to Stay Ahead of the Curve appeared first on SmartReads by SmartAsset.
( 9
min )
(Bloomberg) -- US stock market traders are almost completely fearless now, which has some strategists bracing for a possible selloff. Most Read from BloombergBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99The Pizza That’s Taking Over the USSpaceX Falcon Heavy Rocket Deploys Massive SatelliteThe S&P 500 Index has gained 19% this year, pushing investors off the sidel
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Investors are no longer happy with big price increases paired with volume declines.
( 25
min )
UCLA researchers studied 2,500 companies to determine which could reap the most benefit from the productivity gains generative AI enables.
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(Bloomberg) -- A $2.6 billion deal announced last week has set the stage for a potentially landmark shift in the metal and mining investment landscape: the arrival of Saudi Arabia as a pivotal player. Most Read from BloombergBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99The Pizza That’s Taking Over the USSpaceX Falcon Heavy Rocket Deploys Massive SatelliteThe agre
( 34
min )
Earnings reports also from Uber Technologies, Pfizer and Kraft Heinz are expected to shed light on how consumer spending is holding up amid rising interest rates and easing inflation.
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The industry is trying to rebound from years of losses owing to storms, fires and inflation.
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Cash-like investments are offering their highest rates since 2001, offsetting rising interest costs.
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AI, artificial intelligence, has come into its own in recent years. Machine learning technology has found its way into a wide range of day-to-day activities, from internet searching to marketing and advertising to just driving down the highway. Artificial intelligence promises to change the way that we interact with the world and with computers, and the launch of ‘generative AI,’ embodied in real-language chatbots like ChatGPT, shows just how close that promise is. The emergence of any new techn
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It was a dire warning. Chancellor Kwasi Kwarteng was told in no uncertain terms last September that his financial war chest was evaporating.
( 33
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Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: Tesla is knocking on India’s door; Stellantis and rivals come together to challenge Tesla's charging-standard dominance; and an electrifying alliance between Volkswagen and Xpeng.
( 8
min )
Online sellers Shein and Temu are fighting in U.S. courts, alleging dirty tricks as they duel for workers and suppliers back in China.
( 25
min )
In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, voedsel en bouw geven. Deze week: een montagesysteem dat het mogelijk maakt om zonnepanelen op veel meer daken te krijgen.
( 5
min )
In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, voedsel en bouw geven. Deze week: een montagesysteem dat het mogelijk maakt om zonnepanelen op veel meer daken te krijgen.
( 5
min )
Israël gaat 24,5 miljard euro investeren in uitbreiding van het spoornetwerk. Dat maakte de Israëlische premier Benjamin Netanyahu zondag bekend.
( 3
min )
Pinnen in vreemde valuta, geld opnemen met je creditcard of een gang naar het wisselkantoor kunnen meer geld kosten dan nodig. Tenzij je goed oplet. Pin dus niet direct naast het Louvre en let op waarvoor je je creditcard gebruikt.
( 4
min )
Frankrijk wil een betere toegang tot de Chinese markt en ook een "evenwichtigere" handelsrelatie met het land. Dat heeft de Franse minister van Financiën Bruno Le Maire gezegd na gesprekken met hoge Chinese functionarissen, onder wie vicepremier He Lifeng.
( 4
min )
Oekraïne heeft komende winter voldoende energie om woningen te verwarmen en de lichten te laten branden, ondanks de zware Russische aanvallen op belangrijke energie-infrastructuur in het land. Dat heeft de Oekraïense energieminister German Galjoesjenko gezegd in een interview.
( 3
min )
Bruiloften met tweehonderd gasten zijn niet langer de norm, zien weddingplanners. Bruidsparen kiezen er steeds vaker voor om verre familieleden en kennissen thuis te laten. Geld is niet het voornaamste motief.
( 4
min )
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Cryptocurrency futures are futures contracts that allow investors to place bets on a cryptocurrency's future price without owning the cryptocurrency.
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Here are the key differences between Bitcoin and Ripple's XRP, both popular decentralized cryptocurrency systems.
( 23
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Hey, friends, welcome to Week in Review (WiR), TechCrunch’s roundup of the week in tech news. This week, WiR covers the improving quality of AI porn generators and the ethical dilemmas they raise; Twitter rebranding to "X"; and hackers infecting Call of Duty with self-spreading malware. Elsewhere, we dive into a North Korean hacking group, foreign Chinese visitors' newfound ability to go cashless, and the rollout of Sam Altman's Worldcoin eyeball-scanning crypto project.
( 9
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(Bloomberg) -- Bets on a bond-market rally aren’t in the clear just yet.Most Read from BloombergBodegas Put on Notice as Visa Fights Back on Card SurchargesThe Pizza That’s Taking Over the USBurning Ship’s Operator Says Almost 500 EVs Are on BoardSpaceX Falcon Heavy Rocket Deploys Massive SatelliteStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99Federal Reserve Chair Jerome Powell on Wednesday appeared to give traders the positive signal they’ve been waiting for — that the central
( 33
min )
One of the oldest and biggest U.S. trucking businesses has been wrecked by a string of mergers that left it saddled with debt and has been stalled by a standoff with the Teamsters union.
( 27
min )
(Bloomberg) -- The great credit tightening is finally approaching on both sides of the Atlantic, if the latest surveys of bankers are anything to go by. Most Read from BloombergThe Pizza That’s Taking Over the USSpaceX Falcon Heavy Rocket Deploys Massive SatelliteChina’s Push to Expand BRICS Membership FaltersBodegas Put on Notice as Visa Fights Back on Card SurchargesTraders Are Risking It All on Bets That Market Boom Will LastAfter delivering a fresh interest-rate hike Wednesday, Federal Reser
( 33
min )
Canary Wharf is at its emptiest since 2005, according to new analysis, compounding fears over the future of the financial district as big names continue to abandon their offices.
( 31
min )
Amazon and Microsoft have warned that their investment in Britain is threatened by moves to loosen their stranglehold on the £15bn cloud computing market, in the latest escalation of tensions between regulators and Big Tech.
( 8
min )
(Bloomberg) -- All the chatter back in December was that 2023 was to be the “year of the bond.” And for a brief moment or two in the winter, that call — and the economic doom-and-gloom that underpinned it — looked right.Most Read from BloombergBodegas Put on Notice as Visa Fights Back on Card SurchargesThe Pizza That’s Taking Over the USBurning Ship’s Operator Says Almost 500 EVs Are on BoardSpaceX Falcon Heavy Rocket Deploys Massive SatelliteChina’s Push to Expand BRICS Membership FaltersIt is
( 32
min )
(Bloomberg) -- The world’s largest payment network is making changes to how it deals with merchants who want to charge customers extra when paying with a credit card.Most Read from BloombergThe Pizza That’s Taking Over the USLargest US Grid Declares Emergency Alert For July 27China’s Push to Expand BRICS Membership FaltersTraders Are Risking It All on Bets That Market Boom Will LastSpaceX Falcon Heavy Rocket Deploys Massive SatelliteIn recent months, Visa Inc. lowered the maximum amount retailer
( 9
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This method of identifying the cost basis of the stocks you buy and sell can help you pay less in capital gains taxes.
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(Bloomberg) -- With the Federal Reserve nearing the end of its most disruptive monetary-tightening campaign in a generation, a softening US dollar is poised to boost profit growth for nearly half of the companies in the S&P 500 Index over the next year. Most Read from BloombergBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesThe Pizza That’s Taking Over the USStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99SpaceX
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Boaz Weinstein’s Saba Capital has been buying up shares in three closed-end funds.
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A new study shows more than half of the 115,000 new semiconductor manufacturing jobs created this decade could go unfilled.
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If you're saving for retirement, a broad market index portfolio is typically a good option. Investing in a target date fund or S&P 500 index fund, for instance, are low-cost ways to gain broad market exposure. However, newly published research … Continue reading → The post This Type of Portfolio Could Help You Retire With 20% More Money Than Index Funds appeared first on SmartAsset Blog.
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Fact-Checked by: Jeff White | Edited by: Mike Obel The prospect of investing a large sum of money can be both exhilarating and daunting. With the right approach, there’s a potential for significant wealth growth, but there’s also inherent risk involved. The importance of sound asset diversification and risk management can’t be overstated. They can […] The post How to Invest Large Sums of Money appeared first on SmartReads by SmartAsset.
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Many people dream of owning a chunk of land and putting their dream house on it. Maybe you fantasize about pulling out all the stops and designing a home with every feature you've ever wanted. Well, to make that dream, … Continue reading → The post How to Buy Land and Build Your Dream House appeared first on SmartAsset Blog.
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The middle class has long been considered the backbone of the American economy. But the American middle class is shrinking. The percentage of adults living in middle-income households in the United States fell by more than 10 percentage points over … Continue reading → The post What It Takes to Be Middle Class in America's Largest Cities – 2023 Study appeared first on SmartAsset Blog.
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(Bloomberg) -- As Bitcoin roars back after a year of crypto industry scandals and losses, Mike Novogratz says one man in particular gives him reason to stay bullish.Most Read from BloombergBurning Ship’s Operator Says Almost 500 EVs Are on BoardBodegas Put on Notice as Visa Fights Back on Card SurchargesStocks Crush ‘Year of Bond’ in Biggest Sentiment Shift Since ‘99The Pizza That’s Taking Over the USSpaceX Falcon Heavy Rocket Deploys Massive Satellite“The most important thing that happened this
( 33
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C.F. Martin & Co. in Pennsylvania, established nearly 200 years ago, is adjusting to a changing economy.
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Toy company Mattel, the maker of Barbie dolls, reported a surprise profit in the second quarter, as the success and promotional impact of the box office hit Barbie offset lower toy sales.
( 19
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The U.S. is on the verge of facing significant challenges as negotiations between UPS workers and the parcel courier's management remain unresolved. If an agreement isn't reached, approximately 340,000 employees could go on strike next month, resulting in widespread consequences for the nation. The last UPS strike in 1997 had far-reaching effects. With the company's operations slowing to a near standstill, other shipping carriers like FedEx Corp. and the U.S. Postal Service struggled to manage t
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Passive bond funds have beaten active managers since the U.S. central bank started tightening interest rates.
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The cloud software provider has kept sales growth strong, setting up a big AI upsell.
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Some companies thrived after changing their name, but other's quickly made a U-turn when the response went sour. Questions remain if Twitter's renaming to X will succeed.
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“My biggest concern is that there’s insufficient urgency,” the billionaire tells energy executives.
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(Bloomberg) -- Europe’s car and chemical makers are at risk of losing competitiveness to China and the US as both industries face persistently high energy costs during the transition to cleaner fuels, according to the head of one of the continent’s leading ports.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27The Pizza That’s Taking Over the USChina’s Push to Expand BRICS Membership FaltersClear Led a Flyer Carrying Ammo Under a False Name to TSA, Sparking ProbeSubway
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Though earnings dipped last quarter, oil giants together added $14 billion in profits to their cash piles and are hunting for potential acquisitions.
( 26
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Florida has long had hurricanes. But climate change is kicking in, the population of the state is growing, and private insurers are leaving the state. The result: skyrocketing premiums and costly litigation.
( 26
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Cryptocurrency futures are futures contracts that allow investors to place bets on a cryptocurrency's future price without owning the cryptocurrency.
( 25
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An act of God is a phrase used to describe an event outside of human control, such as a natural disaster.
( 21
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The bond market can be broken down into three main groups: issuers, underwriters, and purchasers. Learn what each set of players is responsible for.
( 22
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Here are the key differences between Bitcoin and Ripple's XRP, both popular decentralized cryptocurrency systems.
( 23
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A cost-of-living adjustment (COLA) is made to Social Security and Supplemental Security Income to adjust benefits to counteract the effects of inflation.
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Learn what the major factors are that can lead to changes in a company's dividend payouts and drive increases in dividends per share.
( 21
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A lien is an encumbrance, but not all encumbrances are liens. Learn about the distinction between these two property rights.
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The dividend discount model (DDM) is only as good as your assumptions make it. Learn how this model can work for you in valuing stocks.
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When a CD reaches its maturity date, you have a few options. In this guide, we'll take you through them.
( 22
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A bank run is when many customers withdraw their deposits simultaneously over concerns about the bank's solvency. Learn what governments do to try to prevent bank runs.
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Certificates of deposit (CDs) and savings accounts are two ways to earn interest on your savings. Here's how to decide which is right for you.
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A holding company is a company that owns other companies and oversees their operations but exists solely to operate those subsidiaries.
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Mortgage servicing rights (MSR) allow a third party to purchase rights to service their mortgages.
( 21
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How blockchain ETFs work and the risks associated with such theme-based investments.
( 21
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This method of identifying the cost basis of the stocks you buy and sell can help you pay less in capital gains taxes.
( 23
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A new study shows more than half of the 115,000 new semiconductor manufacturing jobs created this decade could go unfilled.
( 19
min )
Toy company Mattel, the maker of Barbie dolls, reported a surprise profit in the second quarter, as the success and promotional impact of the box office hit Barbie offset lower toy sales.
( 18
min )
Employers looking for the best talent must be efficient and open to negotiating, according to Robert Half survey results.
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SEC Form 10 is a filing with the SEC used to register a class of securities in preparation for potential trading on U.S. exchanges.
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A vendor take-back mortgage is when the buyer borrows funds from the seller to help finance the purchase of the property.
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Some companies thrived after changing their name, but other's quickly made a U-turn when the response went sour. Questions remain if Twitter's renaming to X will succeed.
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Unlike stocks, most bonds are traded over the counter (OTC) in secondary market rather than through exchanges due to their diversity and difficulty in listing current prices.
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The Dow Jones Industrial Average (DJIA) aims to reflect the stock market by tracking the titans of U.S. industry. What did that mean in 1896?
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Farmaceut Johnson & Johnson mag een faillissementszaak niet gebruiken om tienduizenden mensen onder druk te zetten om een schikking van omgerekend 8 miljard euro te accepteren. Dat heeft een Amerikaanse rechter bepaald.
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Adidas gaat opnieuw een deel van de spullen die voortkwamen uit de samenwerking met Ye verkopen. Die samenwerking werd verbroken na antisemitische uitlatingen van de rapper.
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Adidas gaat opnieuw een deel van de spullen verkopen die voortkwamen uit de samenwerking met Kanye West. Die samenwerking werd verbroken na antisemitische uitlatingen van de rapper, die inmiddels door het leven gaat als Ye.
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De Europese Unie heeft de financiële hulp aan Niger stopgezet vanwege de militaire staatsgreep in het land. Een generaal wierp zich vrijdag op als de nieuwe leider van het land.
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Het Internationaal Monetair Fonds gaat Argentinië omgerekend zo'n 6,8 miljard euro lenen. Dat geld is bedoeld om het noodlijdende land economisch gezien op de been te houden nu Argentinië in de aanloop naar de verkiezingen waarschijnlijk weer een turbulente periode tegemoetgaat.
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Formule 1-fans zijn nog niet te laat als ze nog een overnachting in Zandvoort willen boeken voor tijdens het raceweekend van over minder dan een maand. Verschillende campings en vakantieparken hebben in het laatste weekend van augustus nog plek.
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Formule 1-fans zijn niet te laat om een overnachting te boeken tijdens het raceweekend over minder dan een maand in Zandvoort. Verschillende campings en vakantieparken hebben in het laatste weekend van augustus nog plek.
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The debt-laden freight carrier dismissed parts of its sales force, business staff and IT workers as it prepares a bankruptcy filing.
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A New Jersey bankruptcy judge threw out the second chapter 11 case that Johnson & Johnson filed to resolve its mass talc liabilities, again shutting down the healthcare-product company’s plan to achieve an $8.9 billion settlement.
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Analysts weigh in on Alphabet, Meta Platforms, Sherwin-Williams, Boeing, RTX Corp., and FS KKR Capital.
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The Liberty Media cluster of companies is dauntingly complicated for investors. Now may be the right time to get in.
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A judge in Florida on Friday refused to dismiss a lawsuit brought by Gov. Ron DeSantis appointees against Disney’s efforts to neutralize the governor's takeover of Disney World’s governing district. The judge in state court in Orlando denied Disney's motion in the lawsuit that says the company wrongly stripped appointees of powers over design and construction at Disney World when it made agreements with predecessors, who were supporters. The case is one of two lawsuits stemming from the takeover, which was retaliation for the company’s public opposition to the so-called Don’t Say Gay legislation championed by DeSantis and Republican lawmakers.
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Because container liner profits plummeted off an extraordinarily high peak, some carriers are still posting hefty profits despite huge declines. The post Container shipping giant CMA CGM still earning over billion a quarter appeared first on FreightWaves.
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(Bloomberg) -- Natural gas tycoon Charif Souki has put his sprawling Colorado ranch into bankruptcy in order to repay lenders he alleges undermined earlier attempts to retire his personal debt and tanked the value of Tellurian Inc.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27The Pizza That’s Taking Over the USClear Led a Flyer Carrying Ammo Under a False Name to TSA, Sparking ProbeChina’s Push to Expand BRICS Membership FaltersSubway Offers Free Sandwiches That Com
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A pair of money managers offer some of their favorite small-cap stocks, from snack foods to bearings to airplane leasing. They’re relatively cheap and poised to outperform many of the large-caps.
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Apple, Inc (NASDAQ: AAPL) was rising about 1.6% on Friday, continuing to trek mostly north within a rising channel pattern, which Benzinga called out on July 19. The Cupertino, California-based company’s pattern is bullish, at least for the short-term. Apple is also trading in an inside bar pattern, indicating a period of consolidation, which is usually followed by a continuation move in the direction of the current trend. An inside bar pattern has more validity on larger time frames (four-hour
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(Bloomberg) -- After more than a decade, New York Community Bancorp has finally won over JPMorgan analysts.Most Read from BloombergThe Pizza That’s Taking Over the USLargest US Grid Declares Emergency Alert For July 27China’s Push to Expand BRICS Membership FaltersClear Led a Flyer Carrying Ammo Under a False Name to TSA, Sparking ProbeSubway Offers Free Sandwiches That Come With a Lifetime CommitmentThis year the regional bank scooped up the failed Signature Bank’s deposits and lured six privat
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(Bloomberg) -- Industrial shares are on a tear, junk-bond spreads are narrowing, quants are ramping up Treasury shorts and everyone is piling into stocks.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27BOJ Sends Yields Soaring With Surprise Change to Rate LimitSubway Offers Free Sandwiches That Come With a Lifetime CommitmentChina’s Push to Expand BRICS Membership FaltersWall Street Rekindles Risk-On ‘Goldilocks’ Trade: Markets WrapWhat once was a posture of skepticis
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The stock rallied on Friday in response to the chip maker's financial results but analysts foresee near-term pressures.
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Market moves this week offer a chance for investors to scoop up some attractive names following selloffs.
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During earnings season, some investors must decide whether to await earnings reports before purchasing shares of stocks they've been monitoring, while others contemplate whether it's better to hold or sell the stocks they already own before the reports are released. One ironic thing about Wall Street's reaction to earnings is that sometimes whether a company beats or misses estimates holds more significance than whether the actual earnings — or funds from operations (FFO) for most real estate in
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After years of financial struggles, Yellow is reportedly preparing for bankruptcy and seeing customers leave in large numbers — heightening risk for future liquidation. While no official decision has been announced by the company, the prospect of bankruptcy has renewed attention around Yellow's ongoing negotiations with unionized workers, a $700 million pandemic-era loan from the government and other bills the trucker has racked up over time. Yellow, formerly known as YRC Worldwide Inc., is one of the nation's largest less-than-truckload carriers.
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Alcoa is out of favor on Wall Street, and it’s getting worse. The stock has slid right along with sentiment. Shares are down about 30% over the past 12 months, while the S&P 500 is up 13%.
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(Bloomberg) -- Dell Technologies Inc. Co-Chief Operating Officer Chuck Whitten is resigning next month as the hardware giant grapples with a historic slowdown in computer demand.Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27BOJ Sends Yields Soaring With Surprise Change to Rate LimitSubway Offers Free Sandwiches That Come With a Lifetime CommitmentChina’s Push to Expand BRICS Membership FaltersS&P 500 Up 1% as ‘Goldilocks’ Data Embolden Bulls: Markets Wrap“After disc
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Wedbush analyst Dan Ives picked up coverage of the company with an Outperform rating and a $25 target price.
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The stock was down by a double-digit percentage after the company said it would cut shipments to counter rising inventory in its sales channels.
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Block upgraded, Southwest downgraded: Wall Street's top analyst calls
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It’s no secret that the big gains in the stock market this year have been on account of only a select number of equities surging ahead – namely, the Mega Caps, and mostly ones with AI exposure. While that has raised concerns among market watchers that the rally is not really as strong as it appears and masks a more fragile market, Sharmin Mossavar-Rahmani, head of the investment strategy group at Goldman Sachs, disagrees with such a prognosis. In fact, Mossavar-Rahmani thinks that if history is
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A renewed focus on lower costs and doing what it does best could help Walt Disney stock recover from a long slump.
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U.S. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s. Inflation as measured by the personal consumption expenditures (PCE) price index increased 0.2% last month after edging up 0.1% in May, the Commerce Department said on Friday. The annual core PCE price index rose 4.6% in May.
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It’s a merger Friday, and that means payday for shareholders of Reata Pharmaceuticals.
Shares of Reata, which specializes in developing drugs to treat rare neurologic diseases, are up 51% in premarket trading. Biogen announced it [plans to acquire Reata](https://www.wsj.com/articles/biogen-to-buy-r
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Procter & Gamble reports fiscal fourth-quarter earnings of $1.37 a share on revenue of $20.6 billon, beating Wall Street forecasts.
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XPeng shares caught another upgrade following this week's announcement of a new partnership with Volkswagen. T
( 26
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The deal would bolster the biotech company’s portfolio of treatments for neuromuscular and rare diseases.
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Biogen will acquire Reata for $172.50 a share in cash, expanding its portfolio of neuromuscular disease treatments.
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Procter & Gamble reports fiscal fourth-quarter earnings of $1.37 a share on revenue of $20.6 billon, beating Wall Street forecasts.
( 26
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(Bloomberg) -- Exxon Mobil Corp. fell short of analysts’ expectations with a third straight drop in profit — the longest decline since the 2014-2016 oil-market crash — amid weaker natural gas prices and shrinking returns from fuel sales. Most Read from BloombergLargest US Grid Declares Emergency Alert For July 27Subway Offers Free Sandwiches That Come With a Lifetime CommitmentBOJ Sends Yields Soaring With Surprise Change to Rate LimitHawkish Tone in Japan Is All It Takes to Rattle Global Market
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Biogen said it would buy biotech firm Reata Pharmaceuticals for roughly $6.5 billion to expand its presence in the rare disease drugs market. Biogen will pay $172.50 per share in cash, which represents a 58.9% premium to Reata's last closing price. It expects to finance the acquisition with cash on hand, supplemented by the issuance of term debt, Biogen said.
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The car maker reported earnings per share of 78 cents and an operating profit of $3.8 billion. Wall Street was looking for 54 cents and $3.2 billion, respectively.
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"I’m a long-term optimist, but we gotta face these issues," Jamie Dimon says in a wide-ranging interview with Louisville Business First.
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Exxon Mobil Corp on Friday reported a 56% slump in second-quarter profit, joining rivals hurt by a sharp drop in energy prices but delivering results in line with an earnings preview the oil major released earlier this month. Chevron Corp, Shell and TotalEnergies have reported profit falls of 48%, 56% and 49%, respectively. Yet excluding last year's record second quarter, Exxon posted its strongest result for the months of April to June in more than a decade, helped by cost cuts and the sale of less profitable assets.
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Procter & Gamble Co beat analysts' estimates for quarterly sales on Friday, as the consumer goods giant benefited from multiple price hikes and resilient demand for its cleaning products, paper towels and other household products. The Tide detergent maker's fourth-quarter net sales rose to $20.55 billion, from $19.52 billion a year earlier. Analysts on average had expected $19.98 billion, according to IBES data from Refinitiv.
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Consumers were still paying more for premium brands including Tide, boosting quarterly sales even as volumes dropped.
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Appetite for solar equipment has been tepid in the United States due to lukewarm demand in states such as Texas and Arizona where cheaper electricity prices make the economics of residential solar less attractive. Shares of rival SolarEdge Technologies Inc, which is expected to report results on August 1, slid 6.3%.
( 7
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Exxon Mobil Corp joined its rivals reporting a 56% slump in second quarter profit from a year ago, hurt by a drop in energy prices, in line with the midpoint of the company's earnings preview released earlier this month. Oil majors' profits fell sharply in the quarter from record levels a year earlier as oil and gas prices came off last year's highs that were driven by Russia's invasion of Ukraine. Profits at Chevron Corp, Shell and TotalEnergies shrank by 48%, 56%, 49% in the quarter, respectively.
( 8
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Intel stock climbed Friday after its revenue forecast beat expectations but there are still concerns about competition from Nvidia and AMD for data-center chips.
( 26
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The investing factor behind Warren Buffett’s success is due for a strong run—or is it?
( 25
min )
Intel reports a surprise second-quarter profit, Ford delays its electric-vehicle production goals, Roku posts a narrower-than-expected loss, and Enphase Energy's revenue forecast misses expectations.
( 26
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Investors in a high tax bracket can lock in an effective after-tax yield of 5% to 7% in very safe securities.
( 26
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France's Atos raised its full-year organic revenue growth target on Friday, pointing to improving commercial traction and high demand, even as its half-year sales came slightly below expectations. The IT consultancy group expects its 2023 organic revenue to be in line with last year's or to rise by up to 2%, compared to its prior range of -1% to 1%. Its revenue for the six months through June was 5.5 billion euros ($6 billion), below the 5.57 billion euros expected by analysts polled by Refinitiv Eikon.
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(Bloomberg) -- The Bank of Japan jolted financial markets by loosening its grip on bond yields in Governor Kazuo Ueda’s first surprise move since taking the helm, a step that will likely spur talk of potential policy normalization to come. The yen whipsawed to give back some of its earlier sharp gains against the dollar.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentLargest US Grid Declares Emergency Alert For July 27US 10-Year Yield Hits 4% as BOJ Worr
( 8
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A renewed focus on lower costs and doing what it does best could help Walt Disney stock recover from a long slump.
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"He virtually came close to saying there's balanced risks out there," Siegel said of Powell.
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The troubled trucking company is seeking to raise cash and stave off a potential bankruptcy filing.
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Reverse psychology can be considered a desired quality in the stock market. It is only natural to gravitate toward the leaders in any field, and an investor’s urge to hop on the latest surging stock in search of those sweet gains is understandable. However, anyone familiar with the ins and outs of investing will repeatedly say that overused mantra: ‘buy low, sell high.’ In recognizing that low price, investors can turn to Wall Street’s pros for help. The analysts have been busy lately, picking o
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(Bloomberg) -- (This story was originally published on March 29. Bank of Japan policymakers meet today, with investors speculating that they will loosen their tight grip on interest rates.)Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentLargest US Grid Declares Emergency Alert For July 27US 10-Year Yield Hits 4% as BOJ Worry Lifts Yen: Markets WrapFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreUS Growth Accelerates to 2.4% on Resilie
( 35
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Understand how split-dollar life insurance plans between an employer and employee are designed and about their tax regulations.
( 22
min )
Subprime is a classification of borrowers with tarnished or limited credit histories. Subprime loans are perceived as riskier, so lenders charge higher interest rates on them.
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min )
The Dow Jones recovered from yesterday’s selloff to gain 0.5% as investors hoped that slowing inflation would end Fed rate hikes.
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U.S. equities rallied on Friday, July 28, 2023 after a report showing inflation cooled in June, and the S&P 500 rose 1%.
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min )
Biogen said it was buying Reata Pharmaceuticals for $7.3 billion, expanding its rare disease treatment portfolio.
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min )
Find out how the largest speculative attempt to corner the market went awry.
( 20
min )
Explore the differences between the market price and net asset value of an exchange-traded fund (ETF). Learn more about the factors that affect each.
( 22
min )
The Index of Consumer Sentiment jumped 11% from June to July, hitting its highest since October 2021.
( 17
min )
The demise of cable TV has been written about for many years but cable continues to hang on. This article discussed why cable is faced with these issues.
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min )
A Section 1031 "like-kind" exchange may be the answer if you are looking to sell your investment property and avoid costly capital gains taxes.
( 26
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Need to know the difference between real estate tax and property tax? These terms seem the same and may be used interchangeably but they differ
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min )
Wages and salaries for private-sector workers grew 1% in the second quarter of 2023, the smallest increase since the second quarter of 2021.
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A reverse mortgage can be a lifeline or a hazard to a homeowner's financial security.
( 19
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Markets bounced back at midday on Friday, July 28, 2023 from yesterday's selloff and were heading for a winning week on the latest report showing inflation easing.
( 16
min )
Procter & Gamble exceeded earnings and revenue estimates on higher prices, though the company warned macroeconomic challenges could impact its fiscal 2024 results.
( 16
min )
A savings account is an essential part of your financial toolbox. Learn about Ally Bank savings accounts and their rates and decide if they are a fit for you.
( 21
min )
Exxon Mobil became the latest big energy company to post sinking profit and sales because of lower oil and gas prices.
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A subprime mortgage—now known as nonprime mortgages—is a type of loan granted to those who would not be able to qualify for conventional home mortgages.
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Find out how the Kohl's credit card works and how shoppers can generate bigger savings throughout the year as a Kohl's cardholder.
( 23
min )
If you have permanent life insurance, more of your insurance premium goes to cash value in the early years of your policy. Find out how cash value increases over time.
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min )
If you have federal student loans, you have several repayment options. An IDR plan allows you to make payments based on your income and family size, ensuring you pay what you can afford.
( 22
min )
Forex traders can see substantial benefits from capital gains in the form of a small pip profit over time, but with considerable leverage, a single pip can result in a hefty return.
( 22
min )
A surprise earnings beat for Intel gave investors hope that the chipmaker can mount a recovery after two quarters of losses.
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min )
Learn more about how the income and substitution effects operate in economics and how to separate either of these while calculating the price effect.
( 22
min )
De adviesprijs voor een liter Euro95 is vrijdag richting de 2,20 euro gegaan. Dat is bijna 20 cent meer dan aan het begin van deze maand.
( 4
min )
Crypto.com heeft een registratie bij De Nederlandse Bank gekregen, omdat het aantoonde aan de antiwitwaseisen van de toezichthouder te voldoen. De vergunning is noodzakelijk voor de cryptobeurs om in Nederland zaken te doen.
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De adviesprijs voor een liter Euro95 is vrijdag richting de 2,20 euro gegaan. Dat is bijna 20 cent meer dan aan het begin van deze maand.
( 3
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De inflatie in Duitsland en Frankrijk is in juli iets afgenomen. Dat betekent dat de prijzen minder sterk zijn gestegen. Maar in dit tempo duurt het nog even voordat de inflatie in die landen op de gewenste 2 procent zit.
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Crypto.com heeft een registratie bij De Nederlandse Bank gekregen, omdat het aantoonde aan de antiwitwaseisen van de toezichthouder te voldoen. De vergunning is noodzakelijk voor de cryptobeurs om in Nederland zaken te doen.
( 3
min )
Toen Instagram met een alternatief kwam voor Twitter openden binnen een week 100 miljoen mensen een account. Maar ruim de helft van hen gebruikt de dienst al niet meer, zei Meta-directeur Mark Zuckerberg donderdag in een bijeenkomst met werknemers.
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min )
WhatsApp brengt een nieuwe functie uit die gebruikers snel laat reageren met een videobericht. Dat gaat volgens de makers op dezelfde manier als bij een spraakbericht, maar dan met beeld.
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min )
Het bedrijf Tupperware is in een week tijd ruim drie keer zoveel geld waard geworden. Beleggers hebben opeens veel hoop op een ommekeer bij het bedrijf dat in de afgelopen jaren steeds minder Tupperware-bakjes verkocht.
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min )
KLM zag zijn inkomsten de afgelopen maanden groeien door hogere prijzen en doordat passagiers vaker voor luxere zitplaatsen kozen. Daarmee compenseerde het bedrijf de schade van het schrappen van Transavia-vluchten.
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min )
IKEA bestaat vrijdag 80 jaar en is alweer 45 jaar aanwezig in ons land. Het Zweedse woonwarenhuis blijft door het unieke assortiment mateloos populair. Het is dan ook een ijzersterk merk, zeggen deskundigen.
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SAO PAULO (Reuters) -Brazilian miner Vale said on Thursday it reached two separate agreements to sell a 13% stake in its base metals business for $3.4 billion, aiming to boost its copper and nickel output. The sale is part of Vale's strategy to unlock more value from its nickel and copper assets, given expectations for soaring demand for the metals from the electric vehicle market. A joint venture formed by Saudi Arabian Mining Co (Ma'aden) and the country's Public Investment Fund (PIF) will acquire 10% of Vale's base metal unit, while U.S. investment firm Engine No. 1 will acquire 3%.
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The bank hasn't explained why person-to-person payments, bill processing and account-transfer services went down for parts of two days this week. But observers suspect glitches in its legacy systems could occur at other financial institutions and increasingly affect real-time payment networks.
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Faced with skyrocketing housing prices and rising interest rates, homeowners are searching for home equity lines of credit (HELOCs) at record rates, according to an analysis of Google search data. Searches for “HELOC” skyrocketed 305% so far this year, according to the analysis commissioned by California-based luxury real estate firm RubyHome. “Homeowners that bought a few years ago at lower prices and lower interest rates can feel trapped,” RubyHome CEO Tony Mariotti. “If they’ve considered buy
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(Bloomberg) -- It didn’t take much to scare American investors who’ve been pushing risk assets higher for the better part of a year.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentLargest US Grid Declares Emergency Alert For July 27US 10-Year Yield Hits 4% as BOJ Worry Lifts Yen: Markets WrapFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreUS Growth Accelerates to 2.4% on Resilient Consumers, CompaniesNews that Japanese policy makers a
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(Bloomberg) -- Intel Corp. shares gained after the chipmaker gave a bullish revenue forecast for the current period, indicating that demand for computer components is improving and a long-awaited comeback may be underway.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentFed Raises Interest Rates to 22-Year High, Leaves Door Open for MorePowell Has Stopped Handing Gifts to Wall Street on Fed DayUS Growth Accelerates to 2.4% on Resilient Consumers, Companies
( 8
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(Bloomberg) -- Intel Corp. shares gained after the chipmaker gave a bullish revenue forecast for the current period, indicating that demand for computer components is improving.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentFed Raises Interest Rates to 22-Year High, Leaves Door Open for MorePowell Has Stopped Handing Gifts to Wall Street on Fed DayUS Growth Accelerates to 2.4% on Resilient Consumers, CompaniesLargest US Grid Declares Emergency Alert For
( 7
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Chip maker had recorded two consecutive quarters of record losses
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Vanguard, the world's second-largest asset manager, expects the Federal Reserve to maintain a hawkish stance by either keeping interest rates elevated for longer than what the market is pricing or by tightening monetary conditions even further. Global Head of Fixed Income Group Sara Devereux said on Thursday the probability of another interest rate increase by the Fed this year stood at 50%. "We don't think they're going to cut rates anytime soon ... the Fed may have more work to do."
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Shares are up again, brushing off news about investigations, service issues, and range problems. Is there a problem lurking for the Bulls?
( 26
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The card companies have defied worry about an economic slowdown. The only thing that seems able to slow them down is Congress.
( 35
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Cows, like all living mammals, produce greenhouse gases, which could threaten their existence. According to the Telegraph, Ireland is reportedly considering killing 200,000 cows in the country to meet the European Union’s climate targets. Not everyone is a fan of this method. “Reports like this only serve to further fuel the view that the government is working behind the scenes to undermine our dairy and livestock sectors,” said Tim Cullinan, president of the Irish Farmers’ Association. It also
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Illumina’s contentious acquisition of cancer test maker Grail brought billionaire Carl Icahn to the company’s doorstep.
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min )
Shares of Cambridge biotech Mersana Therapeutics is in free-fall after its cancer drug unexpectedly failed in a clinical trial.
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min )
Expectations have been coming down for the oil giant's financial results, something that could set shares up for a gain if it can beat the lowered bar.
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min )
AFS Logistics CEO Tom Nightingale says that UPS’ efficiencies can’t offset “astronomical” cost increases alone. The post UPS shippers may face double-digit rate increases in wake of contract appeared first on FreightWaves.
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The board of directors of Brazilian state-run oil company Petrobras is set to meet on Friday to discuss its new dividend policy and a potential share buyback program, newspaper Valor Economico reported on Thursday. Executives at the firm previously said the new dividend policy was being prepared by a working group and expected to be voted on by the end of this month, with its second-quarter dividends likely to be already based on the new policy. Petrobras did not immediately respond to an emailed request for comment.
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There’s no doubt that bulls have been left somewhat disappointed by Chipotle’s quarter. Still, there may be a reason for investors to buy the stock on the dip.
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Shares of electric-vehicle battery start-up QuantumScape are soaring following the company's earnings report. But earnings aren't the reason for the stock surge.
( 26
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Southwest Airlines Stock Drops Despite Record Quarterly Revenue
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Boeing is still losing money, even as Wall Street warms up to the stock as the outlook for commercial aerospace improves. Losses aren't great. At least cash flow isn't a problem.
( 26
min )
MaxLinear terminated its deal to buy Silicon Motion on Wednesday, hours after the unexpected news that Chinese regulators had approved the merger.
( 26
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Get ready for long-term gains – that’s the message from Bank of America. In a recent note, the bank lays out just why it believes that the S&P 500 will hit 5,000 by next year. That would represent a gain of about 9.5% from current levels. The bank’s chief equity technician, Stephen Suttmeier, sees the market in a secular bull phase – that is, a long-term upward trend lasting one or two decades. In his view, the secular trend started back in 2013 and is likely to hold until the latter years of th
( 11
min )
America’s telecoms incumbents are in a funk
( 32
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Wood’s ARK Innovation fund is riding high this year. So are her expectations for robotaxis, drone delivery, and Coinbase, as she explains in an interview.
( 27
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The European Central Bank’s latest policy statement didn’t change very much from June’s. But the absence of one verb from the policy announcement was quickly noticed by investors, sending ripples through European markets.
The ECB’s July statement said interest rates “will be set” at sufficiently re
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min )
(Bloomberg) -- Royal Caribbean Cruises Ltd. rose Thursday after raising its full year profit forecast to a level that significantly beat expectations, as demand for its cruises is increasing.Most Read from BloombergSubway Offers Free Sandwiches That Come With a Lifetime CommitmentPowell Has Stopped Handing Gifts to Wall Street on Fed DayFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreHunter Biden Plea Deal in Limbo After Judge Questions TermsMitch McConnell Freezes at Start o
( 7
min )
Meta Platforms upgraded, Estee Lauder downgraded: Wall Street's top analyst call
( 9
min )
How Social Security income is taxed depends on how much income you have from other sources. Here are the 2022 IRS limits for individual and joint filers.
( 11
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Once you have $1 million in assets, you can look seriously at living entirely off the returns of a portfolio. After all, the S&P 500 alone averages 10% returns per year. Setting aside taxes and down-year investment portfolio management, a … Continue reading → The post How Much Interest Can You Earn on $1 million? appeared first on SmartAsset Blog.
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min )
Annuities are a form of hybrid financial product. Part investment and part contract, they're primarily sold by insurance companies as a way to save for retirement. While in recent years they have come under criticism for below-market returns, many retirees … Continue reading → The post How Much Would a $1.5 Million Annuity Pay? appeared first on SmartAsset Blog.
( 10
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Retirement is a big milestone for many, and planning for retirement can constitute a large financial goal that takes years to reach. In fact, data from the Federal Reserve indicates that the majority of Americans only have $65,000 saved for … Continue reading → The post Approaching Retirement? T. Rowe Price Says You Need This Much Saved Based on Your Income appeared first on SmartAsset Blog.
( 9
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Cancer-fighting drugs Revlimid and Pomalyst drive a sales shortfall in the second quarter.
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Amid overall strong results, Crocs downgraded its sales outlook for Hey Dude for the full-year.
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min )
The company reported more sales and a smaller loss than expected. It said it achieved early success in its Canadian launch of the Bed Bath & Beyond brand.
( 26
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Industrial conglomerate Honeywell International Inc posted a better-than-expected quarterly profit and slightly raised its full-year forecasts on Thursday, on strong performance in its aviation business. Aviation suppliers, such as Honeywell and General Electric, have gained from faster-than-expected rebound in air travel, which has driven demand for parts and services. Sales at Honeywell's aerospace business, which counts Boeing and Airbus as customers, were up 16% on an organic basis in the second quarter.
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AbbVie on Thursday raised its annual profit forecast after beating analysts' estimates for second-quarter earnings on a lower-than-expected fall in sales of blockbuster arthritis drug Humira and strong sales of newer treatments. Global Humira sales tumbled 25.2% to $4.01 billion compared with analysts' expectations of $3.94 billion, according to Refinitiv data. Humira's sales trajectory is on the top of investors' minds following the entry of multiple copycat versions of one of the world's biggest selling drugs in the U.S. market.
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The car company reports on Thursday evening. Auto investors have a lot of issues weighing on their minds.
( 26
min )
Southwest Airlines said second-quarter earnings dropped 10% to $683 million as labor costs soared, offsetting record revenue at the start of the peak summer travel season. The company predicted record revenue and another profit in the third quarter, but warned of even stronger cost pressure.
( 7
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Southwest Airlines stock tumbled ahead of the open Thursday as the low-cost carrier said it expected revenue per available seat mile to fall in the third quarter.
( 26
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Drugmaker Bristol Myers Squibb said on Thursday its second-quarter sales fell more than expected and cut its full-year forecast as two of its top drugs, blood cancer treatment Revlimid and blood thinner Eliquis, face generic competition. Bristol Myers is in the midst of a leadership change, with CEO Giovanni Caforio expected to step down in November to be succeeded by Chief Operating Officer Christopher Boerner. Revlimid sales were $1.47 billion in the quarter, compared with analyst expectations of $1.67 billion, Bristol said, citing generic erosion as well as an increase in patients receiving free product from the company's patient assistance foundation.
( 7
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Honeywell reports earnings of $2.23 a share from sales of $9.1 billion. Wall Street was looking for earnings of $2.21 on sales of $9.2 billion.
( 26
min )
Refiner Valero Energy Corp reported a slump in second-quarter profit as improved fuel supplies and slowing economic activity compressed margins. Valero said total refinery throughput volumes averaged 2.96 million barrels per day in the quarter, roughly same as last year.
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min )
The largest domestic U.S. airline expects revenue per available seat mile (RASM) to fall between 3% and 7% in the third quarter, while capacity is expected to be up about 12%. However, Southwest expects the quarter to be profitable and operating revenue to hit a record. The airline attributed the fall in RASM, a proxy for pricing power, to tough comparisons from a boom in travel demand last year.
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Defensive stocks aren't just for bear markets. That's the reminder Morningstar gives investors in a recent market analysis. "After providing a cushion to investor portfolios during the bear market of 2022," Morningstar’s Jülide Sengil writes, "defensive stocks have lagged the broader market as stocks rebounded this year. The good news for long-term investors looking for opportunities […] The post The Stock Market Is Up, But Morningstar Says Now Is the Time to Invest in These Assets appeared firs
( 9
min )
The oil giant's second-quarter earnings show a steep 56% year-over-year fall in profit.
( 26
min )
The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its new CEO unveiled a strategic shift.
( 28
min )
Wood’s ARK Innovation fund is riding high this year. So are her expectations for robotaxis, drone delivery, and Coinbase, as she explains in an interview.
( 27
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(Bloomberg) -- Shell Plc’s second-quarter profit fell from the highs seen last year but the company pledged extra share buybacks and raised its dividend. Most Read from BloombergPowell Has Stopped Handing Gifts to Wall Street on Fed DayHunter Biden Plea Deal in Limbo After Judge Questions TermsFed Raises Interest Rates to 22-Year High, Leaves Door Open for MoreSubway Offers Free Sandwiches That Come With a Lifetime CommitmentMitch McConnell Freezes at Start of News Conference, Returns LaterThe r
( 32
min )
Wall Street is worried about the risk that surging demand for artificial-intelligence chips could divert spending from traditional processors.
( 26
min )
As prices surged in the West following Russia’s invasion of Ukraine, Vladimir Putin was confident enough about the health of his own economy to gloat.
( 9
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There are several student loan repayment options you can choose from to pay off your debt. Learn what they are and how to pick the right one for you.
( 27
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A chattel mortgage is a loan used to purchase an item of movable personal property, such as a vehicle, which then serves as security for the loan.
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Student loans are available from both the federal government and private lenders. Federal student loans have more flexible repayment options.
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min )
Eli Lilly said that two Phase 3 trials of its weight-loss drug tirzepatide showed patients lost 26.6% of their body weight on average, more than competitors.
( 17
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The top nationwide rate on a money market account rose today to 5.21%, up from 5.06% APY. You can also find other options above 5.00% in our daily money market rankings.
( 18
min )
The dollar-cost averaging approach helps investors avoid market timing but they give up some potential for higher returns.
( 19
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The S&P 500 lost 0.6% on Thursday, July 27, 2023, as stronger-than-anticipated U.S. economic growth revived concerns the Fed may keep raising interest rates.
( 17
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Federal banking regulators have proposed rules aimed at making the banking system more stable, but it comes with trade-offs.
( 18
min )
Securitized products are pools of financial assets that are brought together to make a new security, which is then divided and sold to investors.
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Royal Caribbean shares jumped after beating profit and sales estimates, and raising its outlook on higher prices and onboard sales.
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Sales in the Northeast and Midwest grew, while the South and West had declines.
( 17
min )
Dow Jones falls more than 200 points, ending the historic 13-day rally, on investor fears that strong economic data could bring more rate hikes.
( 17
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The Congressional Budget Office, a nonpartisan agency that provides analysis to Congress, released economic projections Thursday.
( 16
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While critics said the new proposal could crimp shareholder dividends and buybacks for years to come, regulators said big banks have ample time and capital to comply without hurting either.
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The best savings and money market accounts are already paying record rates, with many opportunities to earn 5.00% or more. Will the Fed's latest increase push rates higher?
( 18
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Learn about the age-old debate about value versus growth stocks, and how determining which kind is better depends on a number of factors.
( 25
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Historically Black colleges and universities (HBCUs) focus on educating disadvantaged groups and are helping narrow the racial wealth gap.
( 26
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Stellantis N.V. (STLA), General Motors Co. (GM), Mercedes Benz Group ADR (MBGYY), Bayerische Motoren Werke ADR (BMWYY), Honda Motor Co. LTD (HMC), Hyundai (HYMTF) and Kia Corp. (KIMTF) announced an EV charging joint venture Thursday that they said would solely rely on renewable energy.
( 18
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Chipotle shares tumbled after the restaurant chain's sales came in short of expectations as the company raised prices because of higher ingredient costs.
( 16
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ADRs of Shell Plc dropped after the energy giant reported earnings fell by more than half, hurt by falling oil and gas prices.
( 16
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U.S. equities were up at midday on Thursday, July 27, 2023, after the U.S. government reported stronger-than-expected economic growth in the second quarter.
( 16
min )
Southwest Airlines Stock Drops Despite Record Quarterly Revenue
( 17
min )
A closed loop card is type of credit card that's only good at a certain retailer or other company. Here are the pros and cons.
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An additional cardholder is an authorized user added to a credit card account by the primary cardholder. There are benefits to the additional cardholder, but also risks to the primary one.
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Upfront pricing refers to the interest rates and credit limits that a card issuer assigns to a particular cardholder when they sign up for a card, based on risk and other factors.
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A credit card block is the reservation of a portion of a credit or debit card balance for the cost of services not yet rendered.
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Credit card authentication is a way of verifying that a person attempting a credit card transaction is who they say they are and that they are authorized to use that card.
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Share price is the primary difference between Berkshire Hathaway's Class A stock and Class B stock, but there are other distinctions such as convertibility.
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A magnetic stripe card is a security device with data embedded in it that identifies the user. It enables secure access, electronic or physical.
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Mortgage rates have moved slightly down, continuing a two-week pattern of bobbing up and down in a lower-7% range. All jumbo loan averages meanwhile held steady.
( 20
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Comcast (CMCSA) posted its biggest earnings beat in two years on Thursday, as a surge in revenue from streaming, theme parks, and the box office offset weakness in its broadband and legacy cable offerings.
( 18
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The Howey Test determines which transactions qualify as an "investment contract" and would therefore be subject to U.S. securities laws.
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Minimum finance charges kick in when the interest that a credit card holder owes on their outstanding balance for that month falls below a certain amount.
( 22
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Mastercard, not unlike its rival payments processors, reported strong second quarter earnings on the back of robust consumer spending and a pick up in post-pandemic travel demand.
( 17
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A sampling distribution describes the data chosen for a sample from among a larger population.
( 23
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Merchants can have the option of submitting their credit card transactions as a group, rather than individually. Here's how that works and the pros and cons.
( 22
min )
The GDP grew at a 2.4% annual rate in the second quarter, an acceleration from the 2% growth of the first quarter, and above the 2% growth forecasters had expected.
( 17
min )
Learn about the origins of the 80-20 rule and how it is applied in business, economics, quality control, and investing.
( 21
min )
Meta's second quarter revenue, at almost $32 billion, increased 11% over the same period last year and grew at the fastest clip since the end of 2021, primarily driven by a 12% jump in advertising revenue.
( 18
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Meta shares are surging after the social media giant posted third quarter revenue projections that beat expectations and the release of the U.S. GDP is expected to show the economy remained steady in the second quarter. Here’s what investors need to know today.
( 19
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Learn how globalization impacts international investment and transforms economies around the world. Understand the implications of globalization.
( 19
min )
The Basel III regulations marked drastic reform in international banking. But how will they affect the worldwide economy?
( 23
min )
With fewer homes for sale in the Hamptons, buyers are clambering over what is left in the market, even as the median sales price falls from a year earlier.
( 17
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Delta is the ratio comparing the change in the price of the underlying asset to the corresponding change in the price of a derivative.
( 26
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Het Turkse boodschappenbezorgbedrijf Getir blijft in Nederland actief. De afgelopen maanden gingen er geruchten rond over een vertrek van het bedrijf. Wel vertrekt Getir uit Spanje, Italië en Portugal.
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De Amerikaanse economie is in het tweede kwartaal harder gegroeid dan verwacht. De economische groei kwam uit op 2,4 procent, tegen 2 procent in het eerste kwartaal.
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De Europese Centrale Bank verhoogt voor de negende keer in ruim een jaar haar belangrijkste rentetarieven. Dat doet ze om de inflatie in Europa verder te bestrijden. Hierdoor wordt lenen nog weer duurder en levert sparen iets meer op.
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Liefhebbers van een Big Mac weten hun weg naar de McDonald's nog steeds massaal te vinden ondanks dat de prijzen voor de menu's zijn verhoogd. De fastfoodketen heeft in het tweede kwartaal van dit jaar flink meer winst geboekt.
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Bij de scheepsbrand boven Ameland wordt gewezen naar elektrische auto's op het schip. De maritieme sector worstelt al langer met de extra brandrisico's van elektrische auto's. Een oplossing lijkt pas in zicht als de huidige manier van transport onbetaalbaar wordt.
( 7
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De Europese Commissie start een officieel onderzoek naar Microsoft. Het techbedrijf heeft mogelijk Europese concurrentieregels overtreden door zijn communicatiedienst Teams te bundelen met Office-producten.
( 3
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Het zakelijke communicatieplatform Slack kampte donderdagochtend met een storing, waardoor berichten niet altijd aankwamen. Inmiddels zijn de problemen met de dienst opgelost.
( 2
min )
De duurdere boodschappen leggen voedingsfabrikanten geen windeieren. Dinsdag werd al duidelijk dat Unilever meer winst boekte door hogere prijzen, donderdag maakte de Zwitserse concurrent Nestlé bekend dat het ook meer overhoudt doordat het zijn prijzen heeft opgeschroefd.
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Het zakelijke communicatieplatform Slack kampt donderdagochtend met een storing, waardoor berichten niet altijd aankomen. Er wordt gewerkt aan een oplossing.
( 2
min )
Facebook-moederbedrijf Meta zag de omzet in het afgelopen kwartaal stijgen door duizenden ontslagen en een verbetering in de advertentieverkopen. Maar voorlopig blijft de Metaverse een grote kostenpost.
( 4
min )
Het succes van de Hollywoodfilm over Barbie heeft voorlopig niet gezorgd voor extra verkoop van Barbie-poppen. Dat meldt moederbedrijf Mattel, dat zijn inkomsten in het tweede kwartaal met 12 procent zag dalen.
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Na een jaar met ingrepen om de inflatie af te remmen, verhoogt de Europese Centrale Bank (ECB) de rente vandaag mogelijk voor het laatst. Experts denken dat de ECB zo niet meer economische schade wil veroorzaken dan nodig.
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Werknemers kwamen de afgelopen maanden vaker in opstand voor meer loon. Er waren dan ook meer stakingen en acties dan in de voorgaande jaren. Toch zijn er net zoveel cao's afgesloten, onder meer vanwege de krapte op de arbeidsmarkt
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